According to a recent study commissioned by Union Investment, the majority of German investors expects the economy to stagnate or deteriorate for the coming six months.
The study, conducted among 500 retail investors in Germany during the third quarter of 2014, revealed that pessimism dominates among German retail investors.
Only one in five investors expects economic growth, while half of the respondents said they expect the economy to stagnate.
The pessimism is particularly dominant among older investors, with 44% of those aged 50-59 anticipating economic decline, while only 35% of investors aged 20-29 expect economic growth to deteriorate.
At the same time, the assessment of personal finances remains relatively unchanged, with 67% of investors expecting their financial situation to remain stable over the coming six months.
Again, age correlates with optimism, as 44% of those aged 20-29 years expect their financial situation to improve while only 13% of those aged 50-59 years expect an improvement of their situation.