In August, the German economic sentiment index experienced a sharp decline, influenced by the newly forged trade agreement between the European Union and the United States, coupled with Germany's economic contraction in the second quarter. According to the data, the ZEW economic sentiment index for August plummeted to 34.7, marking a significant drop from 52.7 in July, effectively terminating a three-month upward trend. This development has reignited concerns regarding Germany's growth prospects.