FRANKFURT, Germany (AP) — German investor confidence fell sharply in August on fears about sagging growth in Europe's biggest economy, the region's government debt crisis and the possibility of another recession in the United States.
The ZEW institute said Tuesday that its index of investor confidence dropped to minus 37.6, down 22.5 points from the month before.
The institute said the drop was due to fears about a double-dip recession in the United States and uncertainty about the global economy, coupled with Germany's disappointing second-quarter growth of 0.1 percent reported last week.
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