You are here

Germany, ECB suffer eurozone gloom

Region's growth stalled in Q2, inflation slowed to weakest level in nearly five eyars

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...

Market voices on: