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The German ZEW economic sentiment reading for November has once again taken a sharp decline, plummeting 17.1 points to 39.0, according to the latest report. According to ZEW President Professor Achim Wambach, “Financial experts are concerned about the economic impact of the second wave of COVID-19 and what this will entail. The ZEW Indicator of Economic Sentiment has therefore once again significantly decreased in November, indicating a slowdown of economic recovery in Germany. There is also the additional worry that the German economy could head back into recession’.
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ECB shud act, while Fed on pause till the new president?
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