Berlin

GERMANY'S so-called "Five Wise Men", a panel of independent economic advisers, said on Wednesday that the German economy - Europe's biggest - is not suffering from an undue weakness in investment.

And the panel, which actually comprises four men and one woman, warned that the European Central Bank's (ECB) artillery of anti-deflation measures could harbour dangers. "The cloudier outlook for the German economy has led to lively debate about a perceived weakness in investment," the experts wrote in their new annual report.