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International Business Times
International Business Times
Business
Sam Reeves

German GDP Downgraded In New Blow For Struggling Economy

German industry has been struggling as the economy faces headwinds (Credit: AFP)

German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds.

The final reading of 0.1 percent growth confirmed the eurozone's traditional growth engine had narrowly dodged a technical recession, following a contraction in the previous quarter.

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