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German Manufacturing: A Slow Recovery
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Overview
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German manufacturing sector shows signs of recovery, with a slight easing of the downturn in November. However, the sector remains in recession, with slow declines in output and new orders. The German government's freeze on new spending commitments due to a court ruling is expected to impact the industry, leading to a faster rate of decline in factory workforce numbers.
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How does the steady growth of the Russian manufacturing sector, despite a contraction in new export orders, compare to the situation in Germany?
How might the German government's freeze on new spending commitments impact the long-term growth of the manufacturing sector?
What measures could be taken to address the contraction in new export orders and the challenges faced by the manufacturing sector in Germany?
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