13 November 2012 17:04 [Source: ICIS news]
LONDON (ICIS)--Financial market analysts expect ?xml:namespace>
Mannheim-based ZEW institute said that its November survey showed that analysts expect that recessionary trends in the eurozone will continue to hurt
November’s negative assessment was likely due to weak industrial orders, indicating a further drop in production, as well as disappointing data from other leading indicators, ZEW added.
ZEW’s monthly economic expectations indicator for
"Since mid-2012 the economic expectations of the financial market experts move more or less sideways while remaining in negative territory,” said ZEW president Wolfgang Franz.
“Prevailing recessionary developments in the eurozone impact the German economy via foreign trade and a lack of confidence. This is likely to be a burden for economic growth in
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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