Italy is contracting after GDP shrunk by 0.20% in the second quarter. But Italy is not the only Eurozone economy with growth going nowhere. France is too. So is Spain. The only remaining star seems to be Germany, with a 0.8% growth rate in the first quarter, Eric Reguly from the Globe and Mail said. But even the brightest candles eventually burn out. “It may be a flat-liner in the making,” Reguly added. “Last month, the German central bank warned that the economy probably stagnated in the second quarter and today’s report on industrial orders confirmed that growth is …read more
Source: Business Insider
