Contracting Germany Set On Recession Course

This morning saw the publication of dire statistics for the German economy, which contracted this quarter with many voices now predicting that the struggling country is likely on course for recession. Now it’s not just the German Chancellor that’s looking shaky…

Unlike the UK’s contraction this quarter, the German one is based on much less sound fundamentals. ¬†Overall year on year, the German economy’s growth rate is just 0.4% compared to the UK’s 1.2%. The Chief Business Editor of respected German broadsheet Welt has said that Germany has become “the sick man of Europe”.

GDP has now fallen in two of the last four quarters in both Germany and Italy. The last thing European countries want right now is a disorderly No Deal exit for Britain from the EU…

mdi-tag-outline Germany
mdi-timer August 14 2019 @ 15:15 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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