RealNews

German economic prospects grow gloomy despite retail outlook

Prospects for the biggest eurozone economy grew gloomy Tuesday despite an upbeat retail appraisal, after fresh US subprime fears pushed a key financial barometer to an almost 15-year low. A six-month outlook of financial analysts and leading investors compiled by the ZEW economic research institute plunged to its lowest level since February 1993, shedding 14.4 points to minus 32.5 points. Full Story

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