[HIGHLIGHTS] The collapse of the German economy weighs heavily on Europe

German economic institutes have revised GDP growth to just 0.1% for this year. The failure of the German engine weighs heavily on the prospects for recovery of European growth which has been at half mast since mid-2023.

Concern is growing about the knock-on effect of the crisis of theGerman model. Suffice to say that, at the slightest hiccup, a second year of recession cannot be ruled out. After recording the worst performance of the world's major economies last year, Germany recorded the worst growth in the world last year.