German GDP downgraded in new blow for struggling economy …C0NTINUE READING HERE >>>
German industry has been struggling as the economy faces headwinds.
Photo: Kirill KUDRYAVTSEV / AFP
Source: AFP
German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe’s top economy as it battles multiple headwinds.
The final reading of 0.1 percent growth confirmed the eurozone’s traditional growth engine had narrowly dodged a technical recession, following a contraction in the previous…
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