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German Investor Confidence Plunges Amid Coronavirus Risks

Tuesday, 18 February 2020 17:26 WIB ZEW German Business Sentiment German Investor Confidence

Investors have been plunged back into a gloomy mood over the German economy on concern the coronavirus outbreak in China will disrupt global trade. ZEW's index of expectations for the next six months decreased to 8.7 in February, below even the most pessimistic estimate in a Bloomberg survey. The poll suggests confidence is fading that Europe's largest economy can stem a manufacturing recession that has lasted more than a year. "Economic development is rather fragile at the moment,” ZEW President Achim Wambach said in a statement. The outlook for export-intensive sectors has deteriorated "particularly sharply" as a result of the epidemic, he said. The Bundesbank said on Monday there are...

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