According to the report from Sentix, the corona virus is holding the world economy in a stranglehold. Never before has the assessment of the current situation collapsed so sharply in all regions of the world within one month. In Euroland, the overall index is falling to an all-time low. The USA is now also in a full downward spiral. The region Asia ex Japan (China) sends the only glimmer of hope: economic expectations there at least signal no deterioration. A quick V-recovery of the economy is not to be expected.

The economy in Euroland is in a deep recession. The corona crisis and the simultaneous worldwide shutdown is essentially bringing economic activity to a standstill. Never before has the current situation in Euroland (-66.0 points) been assessed so negatively as at the current edge. We also note a negative record of -42.9 points in the overall index. The massive deterioration of the previous month is thus continuing, and the full force of the recession is only much stronger!

The outline of the current assesment component is unparalleled in the history of sentix: The monthly change of -51.75 points is an absolute record since the beginning of the sentix data collection in 2003. The figures underscore the dramatic economic situation in the euro zone.

When analysing such breakdowns, not only the rate of change should be taken into account, but also the level at which this change takes place. The disruption takes place from a negative previous value of -14.3 (already recessive) to -66 points. The situation is therefore much worse than in 2009. Economic forecasts to date underestimate the shrinking process. The recession will go much deeper and longer! There is an enormous need for revision in the already reduced forecasts of many institutes.