Financial Times FT.com

Rapid decline throws Germany into recession

By Ralph Atkins in Frankfurt

Published: November 14 2008 02:00 | Last updated: November 14 2008 02:00

Germany has officially plunged into recession with economic activity contracting much faster than expected in the third -quarter, intensifying fears about the depth and duration of continental Europe's downturn.

Gross domestic product in Europe's largest economy fell by 0.5 per cent in the three months to September, extending a 0.4 per cent drop in the previous quarter, the German statistical office reported.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this