"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Tuesday, January 15, 2013

UH-OH: Germany's economic growth slows sharply in 2012

Germany's economic growth slows sharply in 2012:

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.
IF GERMANY IS IN RECESSION - AS IT SEEMS, THEN THE EU AND THE EURO WILL COLLAPSE THIS YEAR...

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