German investor sentiment falls sharply: ZEW indicator

17th August 2010, Comments 0 comments

German investor confidence has fallen sharply this month on concerns that the strong recovery seen recently in Europe's biggest economy will not last, the closely watched ZEW survey showed Tuesday.

"The decrease ... indicates that the enormous growth observed in the second quarter is unlikely to continue," the ZEW institute said, with weakening conditions abroad likely to hit exports, Germany's main growth driver.

© 2010 AFP

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