'Worst Depression' Since 1930s Optimism Dips As Economic Downward Spiral Continues

The German economy is sinking precipitously as a result of the global economic crisis, creating the worst downturn since the Great Depression. Politicians and labor leaders are concerned about social unrest, but the government remains firm in its conviction that its not time yet for a third stimulus package.
Germany's leading economic institutes are predicting a gloomy 2009, with GDP shrinking by 6 percent.

Germany's leading economic institutes are predicting a gloomy 2009, with GDP shrinking by 6 percent.

Foto: REUTERS
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