Economics
Investors Lose Confidence in German Economy After Virus Curbs
- ZEW sentiment gauge fell to 39.0 in November; median est. 44.3
- Prospect of vaccine could lift optimism and bolster recovery
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Investor confidence in Germany’s economic recovery has been hit by the new business restrictions imposed because of resurgent coronavirus infections.
ZEW’s gauge of expectations dropped for a second month in November. The reading of 39.0 is the weakest since April, when the first wave of the pandemic ravaged Europe’s largest economy.