Frankfurt (AFP) – Consumer confidence in Germany is fading, weighed down by concerns about the economic fallout from geopolitical crises, a new poll found on Friday. “In the eyes of consumers, ongoing geopolitical tensions are now also threatening to affect the economy in Germany. And it has led to a drop in optimism,” market research company GfK said in a statement.”As a result, both income and economic expectations, as well as a propensity to spend have fallen across the board,” GfK said. Looking ahead to next month, GfK’s headline household confidence index was forecast to fall to 8.3 points in …read more
Source: Business Insider
