"Knock-on Effect"
Europe’s economy stagnated in the fourth quarter of 2009, with gross domestic product in the 16-nation euro region unchanged from the third quarter, the EU’s statistics office said last month.
“The Germans send a good percentage of their exports to the rest of the euro zone, so we believe there will be a knock- on effect to German GDP growth,” Simner said.
Europe’s economy stagnated in the fourth quarter of 2009, with gross domestic product in the 16-nation euro region unchanged from the third quarter, the EU’s statistics office said last month.
“The Germans send a good percentage of their exports to the rest of the euro zone, so we believe there will be a knock- on effect to German GDP growth,” Simner said.
10/05/10 - OECD composite leading indicators (CLIs) for March 2010 point to a slowdown in the pace of economic activity. In most OECD countries signs of slowing growth are tentative, but stronger signals have appeared in France and Italy, and some evidence of a potential halt in expansion is emerging in China and Brazil.
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