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Recession fears mount as German factory orders plunge

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US industrial output falls in June for second straight month

German industrial orders fell more than expected in August, official data showed Monday, adding to fears that Europe’s largest economy will end the year in recession. New orders, closely watched as an indicator of future business activity, plunged by 5.8 percent month-on-month, according to federal statistics agency Destatis, following an upwardly revised increase of 3.9 […]

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