"Expectations are turning negative, as concerns about energy supplies due to the Iran war are holding back investment and undermining the impact of government stimulus measures."
"The surge in oil and gas prices triggered by the US-Israeli attacks on Iran and near total closure of the Strait of Hormuz have led economists to slash forecasts for this year."
"The hostilities are having a massive effect on our costs, and repeated energy price spikes mean that industry cannot plan and invest for the future."
In April, German investor morale dropped significantly, reaching its lowest point since December 2022. The ZEW survey indicated a decline of 16.7 points, resulting in a score of minus 17.2 points. Concerns over energy supplies linked to the Iran war are negatively impacting investment and government stimulus measures. The surge in oil and gas prices has led to reduced economic forecasts. The chemical and metals industries experienced significant declines, while the car industry remained stable. Industry leaders express concerns over unpredictable energy costs affecting future planning.
Read at The Local Germany
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