German economy shrank in 2009 for the first time in six years; GDP fell 5% - - highest since 1945
Jan 13th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The German economy shrank in 2009 for the first time in six years. With –5.0%, the decline in the real or price-adjusted gross domestic product (GDP) was larger than ever since World War II according to the first estimates Destatis, the German federal statistics, published today.