German Investor Outlook Sours as Winter Energy Squeeze Nears
- ZEW expectations gauge falls to -61.9; economists saw -59.5
- Inflation, high heating and energy costs lower confidence
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Investor confidence in Germany’s economy, already beneath its pandemic low, deteriorated further as fears grow that a winter energy squeeze will trigger a recession.
The ZEW institute’s gauge of expectations fell to -61.9 in September from -55.3 the previous month, worse than economists’ estimates. An index of current conditions also plunged.