Economists: ''Germany in a recession now''

from the local....


"Of the economists surveyed at 14 major financial institutions including Deutsche Bank, Allianz and Citigroup, only four said Germany was definitely not in a recession – generally defined as having two consecutive quarters of decline in gross domestic output.

Although the experts said they expected the German economy to remain weak over the first few months of 2012, most believed things would pick up during the year. 

Three experts said they thought the economy would be stagnant in 2012, while one said it would contract and the others predicted slight growth of up to 1.4 percent."