Germany's exports unexpectedly declined in November on weak global demand, signaling that the economy is sliding into a mild recession.
Exports decreased 0.3 percent on a monthly basis, reversing a 0.8 percent rise in October, Destatis reported Thursday. The fall was in contrast to the 0.2 percent rise expected by economists.
The monthly fall in imports deepened to 3.3 percent from 2.4 percent a month ago. Economists had forecast a moderate 0.5 percent drop for November.
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by Renju Jaya
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