Economics
German Investor Sentiment Declines to 16-Month Low
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German investor confidence dropped more than forecast to a 16-month low in August, suggesting economic growth will slow from the record-breaking pace set in the second quarter.
The Mannheim-based ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict developments six months ahead, fell to 14 from 21.2 in July, its fourth straight decline. Economists had forecast a drop to 20, according to the median of 33 estimates in a Bloomberg News survey.