India, April 15 -- German economic sentiment logged its sharpest fall since Russia invaded Ukraine in early 2022, as the changes in the US trade policy added global uncertainty, a closely watched survey published by think tank ZEW showed Tuesday.
The ZEW Indicator of Economic Sentiment declined sharply to -14.0 in April from +51.6 in March. The indicator turned negative for the first time since October 2023 and also reached the lowest level since July 2023.
On the other hand, current economic situation improved in April. The corresponding index rose 6.4 points to -81.2. The expected level was -86.0. Nonetheless, the score remained clearly below zero.
The erratic changes in the US trade policy are weighing heavily on expectations in Germa...