Germany’s ZEW survey of investment analysts fell for the tenth consecutive month in October, adding to a string of downbeat economic data about Europe’s largest economy and the eurozone as a whole.The index fell to minus 3.6 points from 6.9 points in September. That was worse than the zero expected by market analysts.The ZEW reading published Tuesday follows drops in industrial production, exports, factory orders, and the much-watched Ifo confidence survey among business executives. The run of worrisome numbers has raised fears Germany’s economy may stagnate or even slip into recession in coming months.ZEW institute head Clemens Fuest said Tuesday …read more
Source: The Jakarta Post
