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German economic recovery loses steam
Staff and agencies17 mins ago
The preliminary data for the October-December period show gross domestic product was unchanged compared with the previous three months, after quarterly rises in both the second and third quarters brought Europe‘s biggest economy out of a deep recession.
Otherwise, imports, consumer spending, and capital investment all fell, dragging the economy to stagnation.
After shrinking for four straight quarters, including an 3.5 percent slump in the first quarter of 2009, the country technically emerged from recession with growth in the second quarter of 2009.
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