German investor morale crashes on coronavirus fears, economy on 'red alert'
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BERLIN (Reuters) - The mood among German investors slumped in March to levels last seen in the 2008 financial crisis due to alarm about the impact of the coronavirus outbreak, a survey showed on Tuesday.The ZEW research institute said its monthly survey showed economic sentiment among investors collapsed to -49.5 from 8.7 in February. Economists had expected a drop to -26.4."The economy is on red alert," said ZEW President Achim Wambach in a statement, adding financial experts expect the economy..