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German Economy May Shrink
As reported by Market Leader (US)
According to the German Bundesbank, the German economy may start shrinking this quarter. After the considerable growth seen last quarter, there are signs of an economic slowdown. This statement is made in the latest report published by the Bundesbank.
So far, there has been no official economic report in Q3. In Q2 2012, Germany’s GDP increased only by 0.3%. The German government previously downgraded the forecast for the economic growth in Germany in 2013. The forecast suggests that the growth will make 1% (against 1.6% stated in the previous forecast). Read more...
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