Asia stocks fall on slumping German economy

Disappointing news about Germany’s economy sent Asian stock markets down on Friday.

Europe’s biggest economy contracted a worse-than-expected 0.6 per cent in the last quarter of 2012 as recession deepened across the 17 European Union countries that use the euro. It was Germany’s worst performance since early 2009, amid a global recession.

The worry for European policymakers is that output is declining beyond weaker, debt-laden economies like Greece and Spain. France, Europe’s second-biggest economy, also suffered a drop in output.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1150850/asia-stocks-fall-slumping-german-economy