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Chancellor Angela Merkel oversaw Gross Domestic Product (GDP) increase by just 0.4 per cent between April and July quarter, sharply down from the 0.7 per cent recorded in the first three months of the year.

It comes after predictions this week by the German Institute for Economic Research found Brexit could wipe 0.4 per cent from the country's growth over the next eight months.



Last year's mild winter had helped German growth jump at the start of the year, but the effect had worn off by the second quarter.



Investment in construction and machinery dived, but the headline reading was saved by higher exports and strong state spending.