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German Investor Confidence Sinks to Worst Since Debt Crisis

  • ZEW expectations gauge falls to -53.8; economists saw -40.5
  • Slump reflects major concerns over energy supply, Wambach says
Record inflation has cooled demand and supply-chain disruptions have starved factories of components.

Record inflation has cooled demand and supply-chain disruptions have starved factories of components.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

Investor confidence in Germany’s economy slumped to the lowest since 2011 as the country faces the growing prospect of a recession and risks mount that it’s shut off from Russian energy supplies.

Snapping two months of gains, the ZEW institute’s gauge of expectations fell to -53.8 in July from -28 in the previous month, missing economists’ estimates. An index of current conditions also deteriorated.