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Germany heading for another poor quarter, "arduous" recovery: Bundesbank
Germany's economy will likely shrink again this quarter and its recovery will be arduous, even if there are some signs an improvement could come early next year, the Bundesbank said in a monthly economic report on Monday. Suffering a deep industrial recession, Germany has been among the weakest economies in Europe this year as high energy costs, weak global orders and higher interest rates took their toll. "Economic output is likely to once again decline slightly in the fourth quarter of 2023," the Bundesbank said about the 20-nation currency bloc's biggest economy. "The German economy is set to recover only ... (full story)