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The Independent UK
The Independent UK
National
Via AP news wire

Germany's economy seen shrinking again in the current quarter as business confidence declines

Copyright 2023 The Associated Press. All rights reserved

Germany's economy is likely to shrink again slightly in the current fourth quarter, the country's central bank said Monday, while a survey showed business confidence retreating unexpectedly.

Europe’s biggest economy contracted by 0.1% in the third quarter after growing by the same amount in the previous three-month period, according to official figures.

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