German economic confidence fell more sharply than ever before in March as the war in Ukraine and the sanctions against Russia dampens economic outlook, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.
The ZEW Indicator of Economic Sentiment declined 93.6 points to a current value of minus 39.3 points in March. This was the biggest drop in expectations since the survey began in December 1991. The reading was also well below the economists' forecast of plus 10.0.
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