Good morning, and welcome to another day of rolling coverage of events across the eurozone, and elsewhere in the world economy.
Germany's economy has shrunk in the last quarter, according to new data that is likely to force the Berlin government to slash its economic growth forecasts for this year.
The German Statistics Office reported this morning that Germany's economy contracted by 0.5% between October and December, as the financial crisis hit Eurozone's powerhouse economy.
This means that Germany grew by just 0.7% during 2012, a sharp slowdown that does not bode well for 2013.
Read more: http://www.guardian.co.uk/business/2013/jan/15/eurozone-crisis-german-gdp-shrinking-inflation
Germany's economy has shrunk in the last quarter, according to new data that is likely to force the Berlin government to slash its economic growth forecasts for this year.
The German Statistics Office reported this morning that Germany's economy contracted by 0.5% between October and December, as the financial crisis hit Eurozone's powerhouse economy.
This means that Germany grew by just 0.7% during 2012, a sharp slowdown that does not bode well for 2013.
Read more: http://www.guardian.co.uk/business/2013/jan/15/eurozone-crisis-german-gdp-shrinking-inflation
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