Shock due to tariffs

Trump's tariff hammer sends the sentix economic indices plummeting globally. The overall index for the eurozone falls by 16.7 points to -19.5 points, its lowest level since October 2023. The euphoria for the economy in Germany / EU from the previous month has evaporated. In particular, economic expectations for the eurozone are falling at a record pace. The slump of 33.8 points is the second sharpest ever recorded in the history of sentix. At -36.3 points, German economic expectations fell even more sharply. In the previous month, the divergent trend between the eurozone (strongest upturn since the coronavirus/financial crisis) and the one-off slump in the US caused a stir. This slump accelerated again in April. US economic expectations fell to their lowest level since October 2008, while the tariff shock fuelled fears of a global recession.

Full report April 2025

Headlines of the month

  • The euphoria for the economy in Germany / EU from the previous month has evaporated. Trump's tariff hammer sends the sentix economic indices plummeting globally. The overall index for the eurozone falls by 16.7 points to -19.5 points. This is the lowest value since October 2023.
  • Economic expectations for the eurozone in particular are falling at a record pace. The slump of 33.8 points is the second sharpest ever recorded in sentix history. At -36.3 points, German economic expectations fell even more sharply. Hopes following the planned debt orgy have been buried.
  • In the USA, there was already a massive slump in the previous month. This accelerated again in April. US economic expectations plummeted from -17.8 to -42.0 points. This is the lowest value since October 2008. The other regions of the world are also taking a hit. The tariff shock is fuelling global recession fears.

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