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Commerzbank 2012 02 08

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December decline mars record annual export figures, prompts recession concern.
Commerzbank 2012 02 08

Although Germany had enjoyed record-breaking exports in earlier in the year, the end of 2011 revealed a less optimistic reality. "It was a bad December through and through," Ulrike Rondorf ,an economist from Germany's second largest bank, Commerzbank, told AFP. Commerzbank was downgraded by Moody's on Wednesday.

DANIEL ROLAND