Reported 22 days ago
Investor confidence in Germany has significantly dropped to its lowest point in nearly a year due to negative economic indicators and uncertainty in the manufacturing sector. The ZEW expectations index fell sharply from 19.2 in August to 3.6 in September, reflecting a grim outlook as major companies like Intel and Volkswagen announce delays and cuts in production. Analysts warn that the prospects for the German economy are deteriorating, with predictions of potential stagnation or further declines in GDP.
Source: YAHOO