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Published 2 years ago

Germany already in recession, DIW researchers say

Summary by Ground News
The German economy is already in recession as a result of the energy crisis, high inflation rates and shrinking global trade. Germany's inflation rate rose to a record 7.9 percent in August, according to the Federal Statistical Office (Destatis) In July order backlogs in Germany's manufacturing sector were up by 12.6 percent year on year.

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