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flag German consumer confidence drops to -24.7 in March, hit by income fears and higher prices.

flag German consumer confidence is set to decline in March, with the consumer sentiment index dropping to -24.7 from -22.6 in February. flag This fall is mainly due to reduced income expectations and a decline in willingness to buy, despite some optimism about the economic outlook over the next twelve months. flag Factors contributing to the decline include higher prices and political uncertainty.

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