The German Question
After Standard & Poor's downgraded a number of European nations and the European Financial Stability Fund, what's in store for its largest economy -- Germany?
We learned recently that its economy contracted slightly in the most recent quarter, and the current quarter might also show a slight contraction, which could mean that Germany may face a shallow, technical recession. Meanwhile, the German government cut full-year 2012 economic growth prospects to 0.7% from 1%. Both import and export growth are expected to move lower this year compared to last, with exports projected to grow by 2% (8.2% in 2011) and imports to grow by 3% (7.2% in 2011)....686 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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