June 20 (Bloomberg) -- 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 âbathtubâ than a âVâ as output stagnates before recovering, she said, according to the news agency. âI hope it is a childrenâs bathtub and not a bathtub for people with particularly long legs,â Merkel is quoted as saying by the AP.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aePLd1WwiqUE
The chart of the German economy may look more like a âbathtubâ than a âVâ as output stagnates before recovering, she said, according to the news agency. âI hope it is a childrenâs bathtub and not a bathtub for people with particularly long legs,â Merkel is quoted as saying by the AP.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aePLd1WwiqUE