German economy grinds to a near halt, joins French and American economies in malaise

The last bit of good economic news from the eurozone is now disappearing. Even worse, the first quarter numbers were revised downward. France was also flat last quarter so everyone will now be watching closely to follow the numbers in the current (Q3) quarter. BBC News:

Growth in the German economy slowed sharply between April and June, and was weaker at the start of the year than previously thought, figures show.

The economy grew by just 0.1% in the quarter, according to provisional figures from the national statistics office, while growth in the first three months of the year was 1.3%.

The NY Times is going in the opposite (but mainstream) direction today with Germany Is Flying Above the Economic Storm in Europe.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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