There was a divergence between economic growth of the core and the
peripheral of the euro zone. Germany used to do better, but the latest
data suggests a slowdown in German economic growth. It is still
positive, but there are two shocks.
There are two main markets for exports, China and Asia, are slowing
down. Secondly, the recession of the periphery of the euro zone is
taking a toll because after all, most of the exports of Germany go to
the rest of the euro zone. There is a significant slowdown of growth,
even in Germany. - in Bloomberg
Related: Dax Index, EuroStoxx 50 Index
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics