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German GDP is down again - Europe's biggest economy is now in Recession - je 13.11.2008 12

Constanze TressNovember 13, 2008

It's official - Germany's economy is shrinking. The fallout from the global financial crisis has thrown the world's biggest exporter into recession. GDP contracted in the third quarter by half a percent. Its the second negative quarter in a row - which meets the definition of a full-blown recession.

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