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Euro-Area Outlook Darkens With Germany on Brink of Recession

  • Economic confidence falls to 112.7; est. drop to 114.5
  • Germany reports contraction of 0.7% in fourth quarter
Traffic at a street junction in Berlin, on Jan. 14. 

Traffic at a street junction in Berlin, on Jan. 14. 

Photographer: Krisztian Bocsi/Bloomberg
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The euro-area economy kicked off 2022 on a weak footing, with pandemic restrictions taking a toll on confidence and growing fears that Germany may be on the brink of a recession for the second time since the crisis began.