FALLOUT VERSUS SLOWING GROWTH

From the economic looks of things for 2016, the major EU economic engine, Germany, is expected to slow further next year. A report on MarketWatch today notes:

BERLIN--Germany's economy will grow less next year than in 2015 due to fading optimism in emerging economies and uncertainty about the consequences of the influx of migrants to Europe's largest economy, according to a survey from a leading German institute published Monday.

The growing uncertainty has prompted many companies to scale back their growth expectations, business-funded IW economic institute said.

"The series of years with modest growth years will continue," said IW director Michael Huether. "This is due to slowing export growth in an global economy marked by institutional uncertainties and restructuring."

The institute forecast growth of around 1.5% for next year, which is roughly in line with recent forecasts by other institutes but more pessimistic than the 1.8% forecast by the German government. For this year, IW estimates growth of 1.75%.

German Chancellor Merkel has a full plate at the moment with further fallout from the recent Paris tragedy and the already heating up controversy over the EU's open border policy. Many in Germany don't like it. And they're not lone. This is a sentiment that threatens the very core of the entire EU itself.
http://www.marketwatch.com/story/german-economy-to-slow-next-year-iw-institute-2015-11-23