Europe's Largest Economy May Have Succumbed To Recession
Germany May Have Fallen Into Contagious, Long Recession
Germany, Europe's largest, and until recently, resilient economic power, contracted over the final quarter of 2011, government data released today showed.
With it looking as if Germany is also contracting in the current quarter, this would make for two back-to-back quarters of declining GDP, which fits many people's definition of recession.
In addition to declining GDP, German industrial production has also gone negative as well, having essentially fallen since October of last year.
Recommended link: BBC Video
Like this post? Please give the_recession ... a 'Boost' at EconomicsBlogs.org!
Have a blog you would like to apply for submission and ranking on Blog Nation? Click Here!
Germany, Europe's largest, and until recently, resilient economic power, contracted over the final quarter of 2011, government data released today showed.
With it looking as if Germany is also contracting in the current quarter, this would make for two back-to-back quarters of declining GDP, which fits many people's definition of recession.
In addition to declining GDP, German industrial production has also gone negative as well, having essentially fallen since October of last year.
Recommended link: BBC Video
Like this post? Please give the_recession ... a 'Boost' at EconomicsBlogs.org!
Have a blog you would like to apply for submission and ranking on Blog Nation? Click Here!