Germany's exports dropped for the first time in four months in July and imports logged an unexpected decline, adding to the list of negative data suggesting a recession later this year, official data revealed Friday.
Exports decreased 2.1 percent on a monthly basis, in contrast to the 4.2 percent increase in June, Destatis reported. This was the first decrease in four months and slower than economists' forecast of -2.3 percent.
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by Renju Jaya
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