FRANKFURT — An index of investor confidence in Germany shows little expectation of a pickup in growth, a downbeat sign for Europe’s largest economy and the wider 19-country eurozone. The ZEW institute’s indicator rose a mere 1.6 points in February over January to minus 13.4 points and remains well below its long-term average of 22.4 points. The European Commission has cut its 2019 growth outlook for the country to 1.1 per cent from a 1.8 per cent forecast from late last year. Slowing growth in Germany is a downbeat sign for the entire 19-country eurozone. The ZEW indicator is based on responses from 195 investment analysts Feb. 11-18.

Source: National Post February 19, 2019 11:36 UTC