Germany 'on the brink of recession' - Report

GERMANY - Germany has suffered a sharp fall in growth this year and the recovery next year is likely to be very slight, a bi-annual report from the country's top six economic institutes has warned.

Europe's largest economy "is on the brink of recession", the report said, calling for tax cuts and lower interest rates across the European Union in order to secure a recovery in 2002.

Growth in Germany is expected to slip to just 0.7% this year from 3% in 2000, then next year it is expected to boun