FT: Germany records first monthly trade deficit since 1991 as import costs soar
THE FINANCIAL TIMES reports: Germany reported its first monthly trade deficit in goods for more than ...
THE HEISENBERG writes: “The good news is, it wasn’t any worse than expected. Or at least not at first glance. The bad news is, Germany is now one more bad quarter away from a technical recession. As expected, the fourth-largest economy in the world contracted in the second quarter, as German output dropped 0.1%, in line with expectations.”
To read the full story, please click here.