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Sharp drop in German, French exports casts pall on eurozone

August slump drives German trade surplus down to 17.5b euros and French trade deficit up to 5.8b euros

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The German economy contracted by 0.2 per cent in the second quarter and a renewed drop in the third quarter would technically put the country in recession.

Frankfurt

THE economic skies above the eurozone darkened again on Thursday as data showed a sharp drop in exports from its two biggest economies, Germany and France.

German exports contracted by a massive 5.8 per cent in August - the steepest drop since January 2009 - causing the

sentifi.com

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