The European Commission says the German economy is likely sliding into a recession.
The European Union's executive arm has revised downward its economic forecast for Germany. It now predicts growth in the country to fall by 0.2 percent in the third quarter after shrinking 0.5 percent in the second. This would technically put Germany into a recession, which is defined as two consecutive quarters of negative growth. However, the Commission also predicted growth of 1.8 per cent for the entire year, due to robust growth in the first quarter and an expected rebound in the fourth. Britain and Spain, which have both been suffering from severe downturns in their housing markets, were Salaries of Czechs teachers to rise as of August ...
Spain defeats Italy in penaly shoot-out ...
Most members of largest Czech trade union to join strike ...
EU to open anti-dumping probe into US biodiesel ... also predicted to be slipping into technical recessions.
(Deutsche Welle)
more info >>
<< Back