German investor confidence slumps as Ukraine crisis worsens

German investor confidence declined to the lowest level since 2012 as the crisis in Ukraine and a sluggish euro-area recovery damp the outlook for Europe’s largest economy.

12th August, 2014
ZEW: “The decline in economic sentiment is likely connected to the ongoing geopolitical tensions that have affected the German economy.”

German investor confidence declined to the lowest level since 2012 as the crisis in Ukraine and a sluggish euro-area recovery damp the outlook for Europe’s largest economy.

The ZEW Centre for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, dropped to 8.6 in August from 27.1 in July. The gauge has slipped every month since reaching a seven-year high in December.

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