Charts showing why the Bundesbank had to halve Germany’s growth forecast
Germany's central bank shocked economists today by cutting its forecast for growth in 2015 to one per cent. It also cut growth expectations from 1.9 per cent to 1.4 per cent this year, while growth in 2016 is now expected to hit 1.8 per cent, down from two per cent.
It had been hoped that the country, traditionally seen as Europe's economic powerhouse, would help lead the Eurozone out of its current malaise. But things aren't going well: in recent months, a raft of data has shown growth in the country is