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German exports and output tumble

2013-07-08 5 Dailymotion

New data suggest Europe's largest economy is struggling to regain traction.

German exports - which are traditionally the backbone of the country's economy - fell in May by the most since late 2009.

They were down by a seasonally adjusted 2.4 percent .

Shipments to the eurozone, where Germany sends 40 percent of its goods, fell 9.6 percent compared with May last year.

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http://www.euronews.net/