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German Recession Fears Mount as Exports Plunge

Posted October 09, 2014

Under Economic Issues, International Trade Issues

(Alexandra Hudson – Globe & Mail)

German exports plunged in August by their largest amount since the height of the financial crisis and leading institutes slashed forecasts for growth, fuelling debate on whether Berlin is doing enough to prop up the domestic and European economies.

Exports slumped by 5.8% in August, data from the Federal Statistics Office showed on Thursday, the latest sign that Europe’s largest economy is faltering amid broader euro zone weakness and crises abroad which have battered confidence and delayed German firms’ investment plans. Read more here.