The latest GDP figures from Germany show that growth in the German economy declined in the second quarter to a barely-positive 0.1 percent. This is a dramatic drop from the 1.5 percent increase for the first quarter and considerably worse than the predicted 0.5 percent growth.
The news is particularly troubling in that analysts are now questioning Germany’s ability to carry the Eurozone and help see it through the ongoing credit crisis. With France also expected to show weaker growth for the quarter, it is expected markets will see losses as investors reassess the Eurozone’s prospects.
Source: BBC News
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