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Financial News

Tuesday June 9, 04:02 PM

 

 

The German government has forecast that the economy will contract by an 6.0 percent in 2009

By Dominique Faget

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German Finance Minister Peer Steinbruck (L) with EU economic and monetary affairs commissioner Joaquin Almunia in Luxembourg on June 08. German exports and industrial output posted record drops in April, challenging widely-held views that an historic recession in Europe's biggest economy had bottomed out. German Finance Minister Peer Steinbruck (L) with EU economic and monetary affairs commissioner Joaquin Almunia in Luxembourg on June 08. German exports and industrial output posted record drops in April, challenging widely-held views that an historic recession in Europe's biggest economy had bottomed out.


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