German growth slows to zero

GERMANY - Official figures confirmed the fact that the German economy slowed to a halt in the second quarter of the year.

Second-quarter gross domestic product (GDP) was the same as in the first quarter, and only 1% up on the same period of 2000.

The figure had been widely anticipated, and was heralded last week by a forecast from the Bundesbank.

And although gloomy, the zero-growth figure was better than had been feared by some, after a swathe of depressing economic data throughout the summe