Germany is on the brink of recession after recording its weakest export levels for five years.
Data published by the Federal Statistics Office on Thursday (9 October) indicated that exports slumped by 5.8 percent between July and August, the sharpest monthly fall since 2009, at the height of the financial crisis.
Imports also fell by 1.3 percent, suggesting that German consumers are also losing faith in the country's economy.
In a statement, the statistics office blamed lat...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login