Germany Predicts 6% Shrinkage in Economy

Kelsey Walker
April 30, 2009
1:27AM

Germany predicts that they will see a 6 % economical shrinkage because of the recession. They predict that this will be the worst depression the German and European counties have seen since WWII. They predict this downfall because of the slump in exports. German leaders see that because every other country is suffering that their exports and imports are plummeting because countries that are having to us the Euro such as Greece and Italy are struggling worse because their economy cannot handle the Euro right now. Three months ago, the German government was forecasting that G.D.P. would contract by 2.25 percent in 2009. But since then, Berlin has suffered from plummeting demand for its products as its foreign customers rein in spending. Although Germany is struggling leaders believe that they are the best right now within the 16 euro countries that are facing economical crisis.
These issues facing Germany are being seen all across the globe. The impact on one or two countries is hindering all other countries. I feel like the way to solving the recession and financial, economical crisis’ that countries are facing is a global solution. Since globalizations is what is impacting many countries there has to be a global solution.

http://www.nytimes.com/2009/04/30/business/global/30euecon.html?_r=1&ref=world