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How bad will the effects of Brexit be? Pick your time frame

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German investor confidence fell in July on worries over the United Kingdom’s vote to leave the European Union. Released today the ZEW Indicator of Economic Sentiment for Germany, which looks six months ahead ( in other words into early 2017), fell to -6.8 from 19.2 in June. That’s the lowest level since November 2012. On [...]

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