IMF sees continued gloom for Germany

GERMANY - The German economy should recover from its slowdown in the first half of next year, but business confidence is frail and the government has little room to pursue fiscal expansion, the International Monetary Fund said yesterday, Wednesday.

In its latest report on Germany, the IMF said it foresaw a period of low or even no economic growth, which began in the second quarter of this year and was likely to last for several more quarters.

The IMF estimated annual German growth at 0.7 per ce