Showing posts with the label BBC NEWS | Business (January 16

BBC NEWS | Business (January 16, 2013).: Germany's economic growth slows sharply in 2012

Germany's economic growth slows sharply in 2012 Germany is Europe's largest economy and the world's second largest exporter Continue reading the main story Eurozone crisis France next? Bleak outlook Crisis in graphics Q&A: Banking union The German economy grew by 0.7% in 2012, a sharp slowdown on the previous year, preliminary figures show. The figure was well below the 3% growth seen in 2011 and suggests the economy contracted in the fourth quarter. "In 2012, the German economy proved to be resistant in a difficult economic environment and withstood the European recession," the federal statistics office Destatis said. Some analysts believe the German economy will enter recession itself. Destatis said economic activity "slowed down considerably" in the second half of the year, and particularly i