GERMANY’S industrial output has plummeted to shocking unexpected lows, sparking further fears Europe’s biggest economy is on the brink of recession and piling pressure onto under-fire Chancellor Angela Merkel.
Annegret Kramp-Karrenbauer took over from Angela Merkel as CDU leader last yearRabobank economist Elwin de Goot warned: “The 1.5 percent month-on-month drop in German industrial output for June, out this morning, clearly indicates that the worst for Germany’s industrial sector is not over yet.
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