Germany major looser of Europe's biggest economies 

Paris - The OECD sees German gross domestic product shrinking by some 5.3 percent this year. Its public sector deficit would swell to 6.8 percent of GDP, exports of goods and services will decline by 16.5 percent. Unemployment may pass the 5 million level in 2010.

ABC

The OECD forecast is not the bleakest. Commerzbank forecasted that German economy was likely to contract by between six and seven percent this year.