Recession, Stagflation Fears Resurface In Europe

Don't call off the European recession just yet. The German economy contracted in the fourth quarter, according to a preliminary estimate released by the government on Monday. The outcome was at odds with a previous estimate for stagnation. "After the German economy managed to perform well despite difficult conditions in the first three quarters, economic performance slightly decreased in the fourth quarter," the statistics office said, citing faltering consumption. As a result, full-year gr