German Economy to Shrink 6.2% in 2009
After a disastrous first quarter, a new forecast from Germany's central bank, the Bundesbank, indicates pressure on the German economy will lessen later in 2009. "The German economy is currently in a sharp recession," the bank said in a statement on Friday. "Downward pressure on the German economy is likely to ease during the course of 2009." Still, any kind of upturn isn't expected until 2010.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.