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Germany Economic Outlook, Q3 2009

By Katharina Jungen

Executive Summary

  • RGE forecasts an economic contraction of 6.3% for 2009 and a further decline of 0.1% for 2010.
  • The banking sector is still in a desolate state, jeopardizing economic recovery.
  • Germany runs the risk of falling into a W-shaped recovery.


Further deterioration of…

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