Chancellor Merkel Sees German Economy Near Bottom, AP Reports

Discussion in 'Economics' started by ASusilovic, Jun 20, 2009.

  1. June 20 (Bloomberg) -- Chancellor Angela Merkel said the slumping German economy has nearly hit bottom and will unlikely recover quickly, the AP reported, citing a speech she made in Berlin.

    The chart of the German economy may look more like a “bathtub” than a “V” as output stagnates before recovering, she said, according to the news agency. “I hope it is a children’s bathtub and not a bathtub for people with particularly long legs,” Merkel is quoted as saying by the AP.