There is renewed concern regarding economic growth in Germany and whether the country is heading into a recession.
Some excerpts from the November 8 CNBC.com article titled “Europe’s Paymaster Heading for Recession: Economists” :
A stream of weak economic figures from Germany is prompting economists to predict that the country is fast approaching a recession — and the vortex of the euro zone’s economic crisis.
When Germany’s third quarter GDP figures are released next Thursday economists such as James Ashley at RBC Capital Markets are forecasting modest growth of 0.2 percent. However, Ashley adds that a contraction looks “increasingly likely” in the near future.
“What [the] data underscore, is the increasingly apparent slowdown in Germany as – despite its strong domestic fundamentals – the economy continues to be buffeted by the global financial headwinds,” he wrote.
The article also quotes various other statistics, as well as a comment from Mario Draghi.
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