The Calm Before the Storm Bracing for the Global Downturn

As the year draws to a close, and as the world faces recession, a credit crunch and job worries, the economic outlook is the bleakest it has been in postwar history. The next year is expected be a test of strength for the German economy. Will the country's export strength prove to be its Achilles heel?
Von SPIEGEL Staff
Translated from the German by Christopher Sultan.