Germany may recover soon from economic shock

GERMANY - A German survey yesterday provided the first sign that the shock to economic confidence in the eurozone after the 11 September attacks in the US might be short-lived.

The ZEW institute's monthly German indicator of sentiment also suggested the European Central Bank could play a part in restoring confidence by following up last week's interest rate reduction with more cuts.

Contrary to expectations in financial markets that it would fall, the ZEW indicator rose to +13.1 in November

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