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The German Economy May Have Contracted By 1% In Q2 2008

Posted on August 06, 2008

As anticipated on this blog (and in my two posts on RGE European EconMonitor - here, and here) the German economy contracted in the second quarter, possibly by as much as 1% according to the S ddeutsche Zeitung newspaper who somehow or another seem to have gotten an advance glimpse of the economic data which is due to be officially released next week.The Financial Times reports that government...

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economic data , economy