by Calculated Risk on 4/27/2005 12:45:00 AM

UPDATE: The Economist (on Germany): If not now, when?

Germany:

NYTimes: Fears Mount That Germany Faces Recession

Financial Times: German business data add to eurozone gloom

Japan:

Bloomberg: Japan's Household Spending Falls; Economy Sheds Jobs

Financial Times: Japanese economy stuck in deflation

And the really dark side ...

$100 (US) oil, major recession seen as likely
Conference told of imminent price shocks as world demand rises while reserves fall