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Good year end for German retail sales

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Good year end for German retail sales

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Retail sales in Germany rose in November and probably did in December according to figures from the Federal Statistics Office.

However that is unlikely to have prevented a sharp contraction in quarterly growth in Europe’s largest economy. At the same time the President of Germany’s central bank, Axel Weber, said the German economy would have ended 2008 on a weaker footing than the bank had previously thought and would only start to regain momentum next year.