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Dive in German exports suggests major recession

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Is Germany showing the picture of the future?

Exports from Europe’s biggest economy, Germany, fell again in December and continues to trend from November. Exports plummeted 3.7 percent. compared with November, when exports fell 10.8 per cent throughout. – The largest drop ever.

Is the fear greater than the danger?

The figure was slightly better than the minus 4 percent. As economists had feared, writes the news agency Bloomberg.The new figures reinforces the picture of an economy in serious problems. read more aboute the serious financial situation in Germany here

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februar 9th, 2009 at 8:51 am

Posted in economics

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