Sentix survey showed, the sentix economic index for Euroland drops by a whopping 7.9 points to -13.7 points. This is the lowest level since October 2014. The measures announced by the central banks have not caused economic expectations to turn around. On the contrary, the current situation and expectations are literally tearing down, and the pace of deterioration is on the increase. In Germany, the overall index is even falling to its lowest level since October 2009. A recession in Germany is inevitable. The other regions of the world are also struggling with large discounts.

The current assessment and expectations are falling to their knees, and 6-month expectations for the Euro area are falling by 7 points to -20 points. This is the lowest value since August 2012! As Draghis' term of office draws to an end, economic expectations for Euroland have returned to the point where Draghi felt compelled to make his "whatever it takes speech". The vote of the investors is also devastating for the current situation values. The status quo for the economy in Euroland is once again falling by a whopping 9.2 points to its lowest level since January 2015. The pace of deterioration is increasing rapidly, without the latest announcements by the central banks being able to slow the trend. The situation values in particular make it clear that the spectre of recession is going around. The figure is negative again for the first time since February 2015, and expectations for the future do not give the all-clear at -20 points.