German economic growth slows sharply

[UrbScotty]

Source: BBC

Growth in the German economy slowed sharply between April and June, and was weaker at the start of the year than previously thought, figures show.

The economy grew by just 0.1% in the quarter, according to provisional figures from the national statistics office, while growth in the first three months of the year was 1.3%.

Previous figures had estimated growth of 1.5% in the first quarter.

Germany had been driving the economic recovery in the eurozone.

Read more: http://www.bbc.co.uk/news/business-14539502

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Germany implemented quite an austerity plan last year, and now this. Coincidence?

[xchrom]

1. Recommend

[girl gone mad]

2. I think it has more to do with the austerity..

which has been forced on their trade partners.

[lunatica]

3. LIke it or not, the whole world is now linked economically for better or for worse

[Javaman]

4. uh oh.

Germany is basically holding Europe together financially, if they slide into the shitter, so goes the rest of Europe.

[fasttense]

5. Remember the last huge, world wide economic crisis?

And remember Germany's response to it?

The banksters are really taking a huge risk with everyone's lives.