Fears about international trade disputes and the conflict in Syria have sent the economic outlook lower among investment professionals in Germany, the largest economy in the 19-country euro currency union.
It’s only the latest sign that looming trade conflict between the U.S. and China is weighing on the outlook in Europe, after several other economic indicators dropped recently.
The ZEW research institute index released yesterday fell in April by 13.3 points to minus 8.2 points, the second sharp monthly drop in a row. The index, is based on a survey of investment analysts about their outlook for the coming months, is now well below its long-term average of 23.5 points.
U.S. President Donald Trump has announced tariffs on steel and aluminum imports as well as on a range of Chinese goods, sparking concerns about retaliation and an escalating trade war.
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