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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 14 February 2013 [View all]xchrom
(108,903 posts)24. German, French economies shrink
http://www.irishtimes.com/newspaper/breaking/2013/0214/breaking10.html
Europe's two largest economies, Germany and France, both shrunk markedly in the last three months of 2012, suggesting the euro zone has slipped deeper into recession and throwing a first quarter recovery for the region into doubt.
The German economy contracted by 0.6 per cent on the quarter, official data showed today, marking its worst performance since the global financial crisis was raging in 2009.
France's 0.3 per cent fall was also a touch worse than expectations.
Worryingly for Berlin, it was export performance - the motor of its economy - that did most of the damage.
Europe's two largest economies, Germany and France, both shrunk markedly in the last three months of 2012, suggesting the euro zone has slipped deeper into recession and throwing a first quarter recovery for the region into doubt.
The German economy contracted by 0.6 per cent on the quarter, official data showed today, marking its worst performance since the global financial crisis was raging in 2009.
France's 0.3 per cent fall was also a touch worse than expectations.
Worryingly for Berlin, it was export performance - the motor of its economy - that did most of the damage.
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Ms. Brown goes straight to the heart of the matter. The message needs to go viral.
Ghost Dog
Feb 2013
#20
EU exec Olli Rehn says euro states can have more time to cut deficits THAT'S BIG OF HIM
Demeter
Feb 2013
#15