Friday, March 2, 2012

German exports plunge

Germany, Europe's largest economy, saw its exports plunge nearly 30 percent in April as the global economic crisis continued to hurt demand for its products, the Federal Statistical Office reported Tuesday.

The country saw exports drop to euro63.8 billion ($88.47 billion) in April, compared with euro89.5 billion in the same month the previous year _ a drop of 28.7 percent.

The fall was the largest since Germany went into recession in last year's third quarter, though there were two fewer working days in April 2009 …

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