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Berlin: German President Joachim Gauck said Germans would be ill-advised to think the worst is over (Photo: Valentina Pop)

German economy feels chill of eurozone recession

Germany's economic growth has slowed to a meagre 0.2 percent, as most other eurozone countries are in recession and austerity measures are taking their toll on German exports to southern countries.

The eurozone's overall economy shrank by 0.1 percent compared to the previous three months, the bloc's statistical office (Eurostat) reported on Thursday (15 November). The 17-nation area had already slipped into recession over the summer, with Greece, Portugal, Spain, Italy, Cyprus and the ...

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Berlin: German President Joachim Gauck said Germans would be ill-advised to think the worst is over (Photo: Valentina Pop)

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