Europe May Be Headed for a Double-Dip Recession
In China, the problem is an economy that could be overstimulated. In Europe, it's an economy that could be falling back to sleep. After expanding at a 0.4% rate in the third quarter of 2009, GDP in the 16-country eurozone grew by only 0.1% in the year's last three months. Germany -- the group's largest exporter and biggest economy -- showed zero growth. Economists had been forecasting a 0.4% fourth-quarter increase, so the drop in growth is fueling speculation that Europe is headed for a double-dip recession.