Germany's Sinking Economy

After three years of economic growth and job creation, the Germany economy is starting to upend. Although the industrial sector may still have orders to fill, there is a dearth of new orders coming in at the moment, turnover is declining and profits sinking.

The speed with which the economy is deteriorating is almost unprecedented -- with economists not having seen it go down this fast in years. During the second quarter, Germany had shrinkage of between 0.7 and 1.5 percent, government experts estimate. If the trend continues during the current quarter, then Germany will meet the technical definition for a recession.

Source: Der Spiegel.