Consumer sentiment in Germany weakened significantly in late Q4 2024, signaling growing economic concerns for the ECB.

Key Points:

• Germany’s GfK Consumer Climate Indicator plunges to -23.3, signaling deepening recession fears in late Q4 2024.
• Income expectations hit a new low since February 2024, falling 17.2 points to -3.5 due to rising unemployment.
• Private consumption risks intensify as it accounts for over half of Germany’s GDP, threatening economic growth.

https://www.fxempire.com/news/article/german-consumer-confidence-tumbles-recession-fears-mount-eur-usd-dips-1479213