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Investor mood darkens on German economy

Gauge of sentiment dips at fastest pace since pandemic
A container terminal in Hamburg. The export-oriented sectors in particular are likely to develop poorly due to a weak global economy, says ZEW president Achim Wambach

Investor sentiment on Germany’s current economic climate has worsened at the fastest pace since the pandemic hit over three years ago, according to a closely watched survey.

Sluggish manufacturing output, slowing consumer spending and weak export growth have combined with high inflation and rising borrowing costs to cause the German economy to shrink in the past two quarters.

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