All regions of the world are on an economic downturn in April. Despite the still good assessment of the situation, there is no doubt that the global economy is cooling off.

Expectations for the Euro area are negative again for the first time since July 2016. The downward dynamic for Germany is even more pronounced.

The euphoria for the US economy is also fading noticeably. Expectations drop to a value of -7 percentage points. Trump's statements and measures on punitive tariffs raise serious concerns. The component for Expectations of the sentix Global Aggregate falls to its lowest value since February 2016.