Economics
German Investor Confidence Unexpectedly Drops Amid Risks
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German investor confidence unexpectedly fell, signaling concern that a global slowdown could weigh on Europe’s powerhouse economy.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months ahead, slid to 25 in August from 29.7 in July. The reading is the lowest since November and compares with a median estimate of 31.9 in a Bloomberg survey of economists.