Economics
German Investor Sentiment Fell to Three-Year Low in November
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German investor confidence fell to a three-year low in November on concern the sovereign debt crisis will push Europe’s largest economy into recession.
The ZEW Center for European Economic Research in Mannheim, Germany, said its index of investor and analyst expectations, which aims to predict developments six months in advance, declined to minus 55.2 from minus 48.3 in October. That’s the lowest since October 2008. Economists forecast a drop to minus 52.5, according to the median of 36 estimates in a Bloomberg News survey.