Earlier today I posted on the very hard downturn in England with 2 million more expected to be unemployed by December and with gas in the $10 per gallon area.
Germany is the world's largest exporter and is also in the midst of a downturn.
Breitbart.com: Germany hit by 'pronounced slowdown': economist
Germany's economy is undergoing a "pronounced slowdown" that could drag on to 2010, the chief economist at Deutsche Bank, Norbert Walter, said...
Germany's economy contracted 0.5 percent in the second quarter of 2008, the first time in four years that activity decreased, and a possible third quarter contraction would put it into recession.
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