The mood among German investors plummeted in August to its most pessimistic sinc...
BERLIN - The mood among German investors plummeted in August to its most pessimistic since the peak of the euro zone debt crisis, a leading survey showed on Tuesday, heightening concerns that Europe’s biggest economy is heading for recession.
Economic sentiment among investors fell to -44.1 from -24.5 in July, its lowest since Dec. 2011 and way short of expectations for a dip to -28.5. Data on Wednesday is expected to show German gross domestic product shrank marginally quarter on quarter between April and June, and economists are scaling back their already modest forecasts for the third quarter.
“This will most likely put a further strain on the development of German exports and industrial production.”
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