Economic

Euro Crisis Grips Germany: OECD Predicts Recession in Fourth Quarter

“Europe’s leading economies appear to be heading back into recession, the OECD has warned. The organization anticipates a contraction of the German economy and possible recession by the end of the year. Euro-zone countries must act quickly to prevent a worsening downward spiral, it said.”

Source: Euro Crisis Grips Germany: OECD Predicts Recession in Fourth Quarter – SPIEGEL ONLINE

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