April 12, 2024

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Eurozone investor confidence on the ground: Record levels for 2020

Eurozone investor confidence on the ground: Record levels for 2020

Eurozone investor confidence failed to gain momentum. In fact, for the month of April, it reached its worst value since July 2020 as a result of the war in Ukraine, according to an index prepared by the German agency Syntex, which amounted to -18 points.

“Both the current situation and the outlook are negative, So the economy started to contract. No other region in the world can provide a true counterweight. “Even the Asia region is in recession,” Manfred Hubner, managing director of Syntex, said in a statement.

In this way, investors’ assessment of the current situation has fallen by more than 13 points, from +7.8 integers in March to -5.5 in April. This represents the worst reading of the data since April 2021.

This situation comes in the context of the worrying announcement by the Commissioner for Economics Paolo Gentiloni, who said on Monday that he does not expect the levels of economic growth expected for the eurozone to reach this year.

The most worrying change centers around expectations, which fell nine points to -29.8, putting the index at its worst value since December 2011.

Sentix has also warned that the next recession will occur with the European Central Bank (ECB) in the context of a small space to operate due to the “large dynamics” of inflation trends.

However, the European Commission does not fully agree. Gentiloni ruled out the possibility of a recession in the region to Despite the large numbers that were characterized by inflation and a reminder that there are joint investment programs with a clear margin to reduce growth.

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*With information from Europa Press