German investor confidence continues to decline for several months in a row. Index of analysts and investors expectations published by Mannheim-based Center for European Economic Research declined from 16.9 below zero in June to -19.6 in July. This reading shows predicted economic development. Austerity measures in Eurozone are slowing global growth significantly. Moreover, on Monday, July 16, the IMF decreased the following year's global growth forecast from 4.1% to 3.9%.