German investor sentiment falls less than expected in October

“ZEW’s headline economic sentiment index, which reached its lowest in almost seven years in August, appears to have stabilized” writes Midwest Communications Inc for Germany’s leading economic institutes have cut their growth forecasts, predicting an expansion of 0.5% this year and 1.1% in 2020.BERLIN (Reuters) – The mood among German investors worsened less in October than analysts had expected, a survey showed on Tuesday, amid concern that Europe’s biggest economy might be headed for a recession.In its monthly survey, ZEW said that an index showing economic sentiment among investors fell to -22.8 points in October from -22.5 points in the previous month.But the investor assessment of the German economy’s current condition in October was as pessimistic as it was in 2010.

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