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[DE] National domestic product of Germany shrank by 5% in 2009

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According to the latest press release of the German government’s department of statistics (Statistisches Bundesamt, http://www.destatis.de), the German national domestic gross product (Bruttoinlandsprodukt, BIP) shrank by 5% in 2009. That was the largest downturn since the years after the second world war. The downturn was largely due to the recession in the winter semester 2008/2009, after which the pace of the economy picked up again. During the rest of the year 2009 the economy grew on a steady, but still low level.

The German national domestic gross product = Bruttoinlandsprodukt until 2009

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