Investor sentiment in the eurozone fell to its lowest level ever during April, as the region's economy suffers from a deep recession due to the Corona virus that strangles the world economy.

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According to Reuters, the Sentix Eurozone fell to -42.9 from -17.1 in March. Reuters had an average forecast of a decrease to -30.3.


Patrick Hassey, managing director of CENTEX, said the recession was much more severe in April than in March.


"The situation ... much worse than in 2009 ... the economic outlook so far underestimates the process of deflation." The recession will be much deeper and longer.


The Sentix survey included 1173 investors between April 2 and 4 April.


"Never before has the assessment of the current situation collapsed so sharply in all regions of the world within one month," Hassi said


In Germany, the sentiment index fell to -36 from -16.9 in March, dropping to the lowest levels since March 2009.


Hassey said the social safety net is reducing the impact of the Corona virus crisis for many German workers.


He continued, but the effect of this does not exceed the short term, and it may postpone in the best cases an adaptive relapse, adding that there is no clear shift for the better in the foreseeable future.