BERLIN — The drumbeat of bad economic news for Germany continued Thursday, with the biggest monthly plunge in exports in five years raising the risk that Europe's largest economy might slide into recession.
Exports fell in August by 5.8 percent over July, the sharpest drop since early 2009, when the global financial crisis was wreaking havoc on the world economy. Imports dropped as well, by 1.3 percent in calendar and seasonally adjusted terms, the Federal Statistical Office said.
The figures follow a string of disappointing news — including sharp declines in industrial production, factory orders and business confidence — that analyst ING economist Carsten Brzeski called "a summer horror story."
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