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March 13, 2009

German Industry is 'War Zone' as Recession Causes Export Collapse

By Margaret Bassett

Output slumped 7.5pc in January ? the biggest monthly slide since reunification in 1991 ? and a staggering 19.3pc lower than the same month last year. Independent forecasters expect the economy to shrink 3.7pc this year although Berlin is sticking to its own prediction of a 2.25pc fall.

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Output slumped 7.5pc in January ? the biggest monthly slide since reunification in 1991 ? and a staggering 19.3pc lower than the same month last year. Independent forecasters expect the economy to shrink 3.7pc this year although Berlin is sticking to its own prediction of a 2.25pc fall.

Authors Bio:
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.

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