Chancellor Merkel Sees German Economy Near Bottom, AP Reports
Written on June 21, 2009
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 payday loans for bad credit. “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.
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