Economics
European Economy Worsens as Germany Industrial Output Plunges
- Production drops 1.9%, Bundesbank cuts growth forecasts
- ECB has signaled it’s ready to loosen policy if needed
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
German industrial production plunged the most in almost four years in April and the nation’s central bank gave a gloomy assessment of the outlook, suggesting a persistent slump in Europe’s largest economy.