Based on TS Lombard elaboration, the recent rebound in the data on German industrial production could be short-lived and not structural at all, given that not only foreign orders are at the lowest level since the 2008 financial crisis- 2009 but inventories have experienced an increase that has brought the figure to a maximum since 2012 . A warning also for certain triumphalisms at home compared to the latest industry data. For this reason, the word recession itself is no longer a taboo .
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