Forbes.com: Germany Remains In Economic Slump, ECB May Stage A Surprise Pause

By SIMON CONSTABLE 

Germany keeps on delivering bad economic news and its bad for the rest of Europe. The only twinkle of light is that things weren’t as bad as some expected.

The bottom line is that Europe’s largest economy, which is generally seen as the European Union’s engine of growth, shrank in the first half of the year.

“GDP data for Germany showed that the economy stagnated in Q2 and contracted slightly less than previously estimated,” according to a recent report from London-based consulting firm Capital Economics. “The big picture remains that the German economy has shrunk in the past nine months.” Read more here.

World Economic Forum from Cologny, Switzerland, 

CC BY-SA 2.0, via Wikimedia Commons