Wednesday, September 26, 2007

We expect the German economy to lose further steam in the coming quarters

Germany Could Be At Peak Of Economic Cycle

Germany Could Be At Peak Of Economic Cycle LONDON - Earlier this month Michael Glos, Germany's economy minister warned his peers at the Bundestag that "clouds [were] gathering in the economic sky." On Tuesday it looked like Europe's biggest economy was starting to feel the first drops of rain. The trend lower suggested "a permanent change of course" for the German economy, Commerzbank analyst Ralph Solveen said. "We expect the German economy to lose further steam in the coming quarters," he added.

Posted by chris @ 03:11 PM (598 views)
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