Is Germany Heading into Recession?

The German economy may have shrunk in the second quarter, and the outlook isn't good. After a promising start to 2008, recession could now be around the corner

New figures on German industrial and export orders released this week suggest the engine of the EU economy has started to sputter. Fears of recession also rose after government officials warned this week about bad news from an upcoming second-quarter report, saying the German economy may have shrunk by around one percent.

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