Shocking German Industrial Production Plunge Stokes Recession Fears In Europe’s Largest Economy

Original post

Mere hours after German Economy Minister Peter Altmaier assured the German public that the country’s economy will continue to expand despite a recent raft of discouraging economic data, official data – unlike the US, Germany’s government is open and economic data continue to be reported – showed German industrial activity plunged the most since 2009, confirming a weak factory orders print from Monday and sparking fresh fears that Europe’s largest economy may have entered a recession during Q4 just as Mario Draghi was preparing to end the ECB’s purchases of government bonds.

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According to Bloomberg, industrial production fell for a third month in November

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