Vladimir Putin: The ZEW indicator of economic sentiment plunged more sharply than expected to a 20-month low of 8.6 points from 27.1 points in July. Economists polled by Reuters had forecast a far smaller fall, to 18.2 points, according to The Guardian. As Russia biggest trading partner in the EU, Germany is expected to be one of the economies hardest hit by Vladimir Putin dispute with the west over his treatment of Ukraine , which has triggered sanctions and countersanctions and Confidence among German investors nosedived in August amid tensions between Russia and the west which are expected to bring Europe largest economy to a standstill. The index, which measures investor expectations for the economy in six month time, has fallen for eight consecutive months. Heightened geopolitical tensions are raising fears that the eurozone weak recovery will be snuffed out altogether, and that Germany economy will flatline.
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