Surveys Indicate Slower Growth in China and Germany

FRANKFURT — Surveys of industrial managers released Tuesday showed that growth could be slowing in China and Germany, raising questions about whether two of the world’s most dynamic economies could continue to underpin global output and compensate for weakness in the United States and the rest of Europe.

The data do not yet point to a recession in the fragile euro zone, economists said, and indicate only a moderate cooling of torrid Chinese growth. And several analysts noted that the economic indicators were actually less negative than many had expected. Nonetheless, it has become increasingly clear that Europe cannot expect to grow its way out of the sovereign debt crisis, which has become a weight on the world economy. 

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Source: New York Times