Merkel Sees German Economic Contraction Of About 5%-6% In 2009

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Friday, German Chancellor Angela Merkel reportedly said that the biggest-Eurozone economy is likely to contract 5% to 6% this year.

Merkel, who faces election on September 27, also said the economy may have bottomed out, though the crisis is not over yet.

Friday, German Chancellor Angela Merkel reportedly said that the biggest-Eurozone economy is likely to contract 5% to 6% this year. (Market News Provided by RTTNews)