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Germany sees major slump in exports since 2009
A modern autorack in Germany.
Germany’s exports have marked their biggest fall since the global financial crisis reached its peak in 2009, raising fears that Europe’s largest economy might slide into recession.
Germany’s Federal Statistical Office said Thursday that exports slumped by 5.8 percent for the month of August.
Moreover, imports dropped by 1.3 percent in seasonally adjusted terms, the...