Reported about 7 hours ago
German consumer sentiment is experiencing a significant downturn as fears of job cuts lead to increasing pessimism about income prospects. A recent survey showed the consumer sentiment index dropped to -23.3 points in December, marking the lowest level since May. Concerns about industry layoffs, rising bankruptcies, and economic uncertainty have contributed to this decline, causing households to save more and diminishing hopes for an economic recovery in Germany.
Source: YAHOO