15 November 2011 15:35 [Source: ICIS news]
Mannheim-based ZEW Centre for European Economic Research said its economic sentiment indicator for
“These risks could even gain more importance and thus could further harm economic growth in
The ZEW index is based on a survey of about 280 financial market analysts.
In related news on Tuesday, Berlin-based economic research group DIW said that after official data showed Germany’s GDP had grown 0.5% in the third quarter from the second, growth in the current fourth quarter could stagnate.
“Fourth-quarter GDP growth is likely to be weak, mainly because of the crisis in the eurozone,” said DIW’s chief economist, Ferdinand Fichtner.
“People are uncertain as to what’s coming next, and that is poison for the economy,” he added.
Fichtner also said that
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