According to a report by Business Insider, on Wednesday, economists expressed fears that Germany, the world's fourth largest economy, may be in a recession. In November, German industrial production fell by 1.9 percent, while year-over-year production hit a low of 4.6 percent, the lowest since the 2008 crisis. At the same time, exports in November fell to 0.4 percent month-over-month in November. Business Insider reports that a recession in Germany could easily drag down France and Italy, while Greece continues to struggle with its debt crisis and neighboring Turkey also fell into a deep recession, triggered by the devaluation of its currency.

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euronews 18 Jun 2019 10:59 CEST