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ZEW’s economic sentiment index in Germany decreased in March
The economic sentiment index, which reflects 6-month German investor expectations, fell more than expected – according to the March survey by the ZEW economic research institute.
The indicator fell to minus 39.3 points from 54.3 points in February. The 93.6-point drop is the largest since the introduction of the ZEW index in December 1991 and the lowest level since the summer of 2019, mainly due to the Russian invasion of Ukraine and the resulting Western sanctions against Russia. (MTI)
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