Euro crisis its German economy in Q4

2013-01-15 13

Germany's economy was hit hard by the eurozone crisis in the final quarter of last year.

As traditionally strong exports and investment slowed, GDP shrank by 0.5 percent - more than at any point in nearly three years.

That pushed overall growth for the year down to 0.7 percent, a sharp slowdown from 3.0 percent in 2011.

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http://www.euronews.net/