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German recession fears grow after ‘devastating’ manufacturing drop

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https://www.telegraph.co.uk/business/2019/08/07/markets-live-latest-news-pound-euro-ftse-100-german-recession/

German industrial output slumped 1.5pc in June Analysts warn country may be on its way to technical recession :  ‘Things look set to get worse rather than better’ Central banks slash rates in preparation for currency war A shock drop in German manufacturing output during June means the country may be heading towards a technical recession, analysts have warned.

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