Assessment of economic situation falls to -77.3 (Il Sole 24 Ore Radiocor) - Berlin, 13 Aug - In August, the economic sentiment index in Germany fell to 19.2 points from 41.8 in July, according to the latest survey released by think tank ZEW.

The assessment of the economic situation also worsened, falling 8.4 points to -77.3 points.

'The economic outlook for Germany is breaking down. In the current survey, we observe the strongest decline of the economic expectations over the past two years. Economic expectations for the eurozone, the US and China also deteriorate markedly. As a result, especially the expectations for export-intensive German sectors decline. It is likely that economic expectations are still affected by high uncertainty, which is driven by ambiguous monetary policy, disappointing business data from the US economy and growing concerns over an escalation of the conflict in the Middle East. Most recently, this uncertainty expressed itself in a turmoil on international stock markets,' said ZEW president Achim Wambach.

AAA-Hob

(RADIOCOR) 13-08-24 11:33:03 (0258) 5 NNNN