Economics
German ZEW Investor Confidence Recovers as Brexit Shock Settles
- Gauge for expectations rose to 0.5 in August from -6.8
- Political risks inhibit economic outlook for Germany
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German investor confidence rebounded in August after the initial shock of Britain’s decision to leave the European Union.
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, rose to 0.5 from minus 6.8 in July. Economists in a Bloomberg survey predicted an increase to 2.