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FRANKFURT The ZEW economic expectations index, a gauge of German investor sentiment, rose more sharply than expected in December, the Mannheim-based Center for European Economic Research, or ZEW, reported Tuesday. The index rose to 6.9 versus a reading of minus 15.7 in November. Economists had forecast a reading of minus 11.3. "Although the cooling down of the economic activity will last until the beginning of 2013, Germany will not have to face a recession. However, this only applies if the crises in the euro zone do not deepen once again," said ZEW President Wolfgang Franz. The ZEW current-conditions index rose to 5.7 in December from 5.4.

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