Bloomberg News

Kiel Group Sees Yearlong German Stagnation, Handelsblatt Says

June 27, 2012

Germany might enter 12 months of stagnation in the fourth quarter of this year as a result of the euro area’s weakness, according to Kiel Economics, a private research institute, Handelsblatt reported.

Recession risks have increased again and while unemployment is likely to decline until the end of the year, the institute sees the possibility of a slight rise in 2013, the newspaper said.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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