Tremors were felt by residents of the northern part of the province, including the capital Quetta
asia1 hour ago
Deutsche Bank’s chief economist Norbert Walter told mass circulation Bild: ‘The German economy will shrink by five percent in 2009 only if we have a real upswing in the summer.’
‘It cannot be ruled out that this upswing will not come. Therefore, a worse result than this (five-percent contraction) can no longer be excluded,’ he was quoted as saying.
Walter called for a global response under the leadership of US President Barack Obama to haul the world out of its economic slump.
The German government has said that Europe’s biggest economy will shrink by between two and two-and-a-half percent this year, which would be the country’s worst recession in six decades.
Tremors were felt by residents of the northern part of the province, including the capital Quetta
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