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German economy is not in recession, ministry says, after second quarter contraction

A containership at a loading terminal is seen in the port of Hamburg
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BERLIN (Reuters) - Germany is not in recession, a spokeswoman for the Economy Ministry said on Friday, after Europe's largest economy contracted by 0.1% in the second quarter.A technical recession is normally defined as at least two quarters of contraction in a row."We are not currently in a recession," the spokeswoman told a news conference. "Now is the time to ensure growth via wise growth..
Date Published: Aug 23, 2019
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