FXstreet.com (Barcelona) - German citizens' assessment on the current economic situation has reached in December its lowest level in more than 10 years, according to the latest survey by the ZEW economic research institute, which also shows a decreasing economic situation for the Euro Zone.
The economic sentiment indicator for Germany has dropped to -37.2 points from -32.5 points in the previous month, an exceptionally low level, bearing in mind that the historical average is 31.4 points. The Euro Zone's economic sentiment has declined to -35.7 points from -30.0 points in November.
Financial experts surveyed underline the clear risks for economic growth of important industrial countries such as the United States, which would seriously damage German economy through its exports, the strength of the Euro does not put things easier for German exports.
The assessment of the current conditions for Germany has declined by 6.5 points to 63.5 points.