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Germany, ECB suffer eurozone gloom

Region's growth stalled in Q2, inflation slowed to weakest level in nearly five eyars
Monday, October 13, 2014 - 05:50

Germany was hit by unexpectedly sharp drops in factory orders and industrial output and a slump in exports, its leading economic institutes have cut sharply growth forecasts for both this year and next.


A RAFT of grim eurozone data last week alarmed financial markets and placed both Germany's doctrine of budgetary rigour and European Central Bank's monetary policy in the hot seat.

A seemingly never-ending stream of gloomy numbers sent the stock markets into a tailspin

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