Industrial slump leaves Germany on brink of recession …C0NTINUE READING HERE >>>
News that Volkswagen plans to close at least three factories in Germany and slash tens of thousands of jobs has added to the country’s economic woes.
Photo: JENS SCHLUETER / AFP/File
Source: AFP
German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe’s largest economy into recession.
Federal statistics agency Destatis will unveil its quarterly GDP estimate at 10am (0900 GMT).
The economy…
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