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 ahead, fell to minus 6.8 from 19.2 in June. That’s the lowest level since November 2012. Economists in a Bloomberg survey had predicted a drop to 9.
“The Brexit vote has surprised the majority of financial-market experts,” ZEW President Achim Wambach said in a statement. “Uncertainty about the vote’s consequences for the...
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