German economy likely shrunk in Q3 - Bundesbank
© Reuters. FILE PHOTO: People walk on a shopping street in the southern German town of Konstanz January 17, 2015.REUTERS/Arnd Wiegmann/File Photo
This likely made Germany one of the weakest performers in the 20-nation euro zone and its vast industrial sector, normally the motor of growth, has been a drag on the entire bloc all year. Financing costs have increased sharply over the past year as the European Central Bank lifted interest rates at the fastest pace on record in the hopes of stopping runaway inflation.
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