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Germany’s Economy Will Hit Bottom in the Last Quarter

Economic advisors to the German government predict that the strongest European economy will hit bottom in the last quarter of this year.

Germany’s ‘Council of Wise Men’ warns that the engine of the eurozone cannot avoid the negative effects of the European debt crisis, while recovery is expected only next year.

“Germany will hit bottom in the last quarter,” experts stated, adding that the growth rate will gradually increase throughout 2013.