Summary
China has been a let down for investors. But a struggling German economy has not depressed the Frankfurt Dax.
IT IS the world's third-largest economy and one of the most advanced. It is the economic heart of Europe. How the German economy fares has a far-reaching impact, particularly in other European Union countries and central and eastern Europe.See the full content of this document
Extract
Working Through the German Puzzle
Much of the discussion of late, however, has focused on its far- from-dynamic performance. It is vulnerable to external shocks, plagued with domestic structural problems and continues to suffer from difficulties resulting from integrating the formerly Communist east.
Germany's key business confidence index has fallen to an 19- month low, unemploymen...See the full content of this document
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