German economic confidence deteriorated sharply to a seven-month low in November as financial experts were concerned about the economic impact of the second wave of Covid-19, survey data from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.
The ZEW Indicator of Economic Sentiment plummeted more-than-expected 17.1 to 39.0 points in November from 56.1 in October. The score was forecast to fall to 41.7. This was the lowest since last April.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.