The Traderszone Network

Published in TZ Latest News 14 August, 2014 by The TZ Newswire Staff

German slump, stagnant France paint dismal euro zone picture

BERLIN/PARIS (Reuters) – Germany’s economy shrank in the second quarter and France again failed to conjure up any growth, snuffing out any signs of a recovery in the euro zone which is now also weighed down by tit-for-tat sanctions with Russia. Europe’s largest economy contracted by 0.2 percent on the quarter, undercutting Bundesbank forecasts that it would stagnate, with foreign trade and investment notable weak spots, the German Statistics Office said on Thursday. With so much uncertainty surrounding Russia and Ukraine, a quick rebound is unlikely.

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