Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Euro zone investor morale slumps, recession “becoming visible”

Published by Wanda Rich

Posted on May 9, 2022

Featured image for article about Top Stories

BERLIN (Reuters) – Investor morale in the euro zone fell in May to its lowest level since June 2020, a survey showed on Monday, dropping for the third month in a row as the impact of the war in Ukraine on Europe’s largest economy becomes increasingly clear.

Sentix’s index for the euro zone fell to -22.6 in May from -18.0 in April. A Reuters poll had pointed to a May reading of -20.8.

“The global economy is facing a ‘perfect storm’,” Sentix Managing Director Manfred Huebner said in a statement.

“The traces of the Ukraine conflict are also becoming increasingly visible in the economy,” he said, adding of the euro area: “The recession is becoming visible.”

A current conditions index fell to -10.5 in May from -5.5 in April, declining for the third month in a row to its lowest level since March 2021.

An expectations index fell to -34.0 in May from -29.8 in April, also declining for the third month in a row and hitting its lowest level since December 2008.

(Writing by Paul Carrel, Editing by Rachel More)