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The German economy is suffering from the worst recorded slump in orders since the 2009 financial crisis, a top economic institute suggested on Monday. The Munich-based ifo Institute said 41.5% of German companies reported a lack of orders in October, up from 39.4% in the last survey in July. The quarterly figure is higher than the institute recorded at any point during the coronavirus pandemic. “The lack of orders is continuing to hinder economic development in Germany,” said ifo economist Klaus Wohlrabe. “Hardly any industry has been spared.” Some sectors were hit harder than others, with alm…

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