German investor confidence has experienced its biggest drop in almost 14 years, according to a report by Bloomberg News.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, plunged to minus 16.9 from 10.8 in May.
The drop marks the steepest decline since October 1998, as Europe’s sovereign debt crisis continues to weigh on the economic outlook.
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