The Coming Economic Storm

Now Even Germany's Economy Slips Into Reverse As Expert Warns It Is Likely To Enter Recession In First Months Of 2012 -- Daily Mail

* German economy shrank by 0.25% in final quarter of 2011
* Overall economy grew by 3% last year, but 2012 expected to be much tougher
* France grew around 1.7 per cent in same period, but Britain only expected to show modest expansion
* European economies trailing in the wake of China - at 9.5% growth

Germany's economy slipped into reverse in the last quarter of 2011, despite showing strong overall growth of 3 per cent for the year.

The country's Federal Statistics Office said the economy was likely to contract by 0.25 per cent in the fourth quarter, although that figure will not be confirmed until next month.

Joerg Kraemer, chief economist for Commerzbank, said he expected the economy to shrink in the first quarter of 2012 as well - technically putting Germany in a recession.

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More News On Fears Of A Global Economic Recession

China's skyscraper craze 'may herald economic crash' -- The Guardian
China's collapse 'will bring economic crisis to climax in 2012' -- The Guardian
China's Coming Slump? -- Robert Samuelson, Real Clear World
China, India Skyscraper Boom May Herald Downturn -- ABC News/AP
East Asian Economies Slump -- Gordon Chang, Forbes
Investor Alert! Beware Eurozone Fire Sale -- Fiscal Times
In Greece, fears that austerity is killing the economy -- Washington Post
Doubts Grow over Greek Debt Restructuring -- Sven Böll, Martin Hesse and Julia Amalia Heyer, Spiegel Online
Spain Adopts Austerity Measures as Economic Recession Looms -- Bloomberg Businessweek
U.S. poverty to keep rising due to slow recovery: study -- Reuters