The German government has slashed its forecast and now expects Europe’s largest economy to shrink for a second year running as hopes for a consumption-driven recovery fizzle out, media reported October 6. The economy ministry sees the German economy contracting by 0.2 percent this year, a dramatic downgrade from its prior estimate of 0.3-percent growth,...
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Note: See Sections 11, 12, 13 and 14.
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