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A Cliff’s Edge: Eurozone Recession Looms as German Industrial Output Slips 1.9%

The European powerhouse reported a massive drop in industrial output over three consecutive months and a 4.7 percent nosedive in year-on-year productivity, new statistics reveal. Production fell 1.9 percent in November, the worse year-on-year figures since 2009 during the financial crisis, with economic confidence plummeting across the Eurozone to the lowest point in nearly two years, new figures from …

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