Results stoke fears the eurozone crisis has finally hit Berlin
The German economy shrunk by about 0.25 per cent of GDP during the last quarter of 2011, the Financial Times reports. Though the country registered three per cent growth overall for 2011–twice as much as the U.S. and the rest of the eurozone–the latest results stoked fears that impact of the eurozone crisis is finally being felt in Berlin. A second consecutive quarter of negative growth would effectively put the country in recessionary territory.