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German exports fell by 5.8% in August. It was the biggest drop since the early stage of the financial crisis in January 2009. Imports also shrank, by 1.3%. It was worse than the 4% fall in exports and 1% rise in imports forecast by economists.The drop in exports narrowed Germany’s trade surplus to €17.5bn (£13.8bn) from €22.2bn (on a seasonally-adjusted basis
Industrial production slumped 4% in August according to Germany’s statistics office. It was an unwelcome surprise for investors and economists, following market predictions of a much smaller 1.5% contraction.
The economy contracted by 0.2% in the second quarter of 2014. A further fall in gross domestic product in the third quarter would tip Europe’s largest economy back into technical recession.
originally posted by: Rainbowresidue
a reply to: maddy21
Introducing the EURO was a big mistake in my opinion.
A lot of countries thought they were ready for it, but they weren't.
It was a nice idea, but Europe just isn't ready for it.
Just look at Italy, Cyprus...
And what I've been reading is if Germany ever decided to step away from the Euro and go back to their own currency, it would hurt them even more.
They are damned if they do, damned if they don't.