Saturday, August 10, 2019

Are Europe's Three Biggest Economies In A Recession Right Now?

Business Insider: Three of Europe's biggest economies are probably in recession — and the ECB is out of bullets

* Three of Europe's largest economies — Germany, Italy, and the UK — are either in recession or are on the verge of it, which could spell danger for the eurozone.
* Germany, Europe's industrial backbone, is stuttering. The unemployment rate has risen for the second time in three months.
* The UK economy contracted for the first time since 2012, as output fell 0.2% in April to June.
* Italy's debt crisis is only being made worse by political uncertainty.

Europe could be about to hit a crisis, as three of its largest economies are tanking at the same time. What's more, the European Central Bank looks like it's out of bullets to fire the economy up.

Read more ....

WNU Editor: The French economy is also tanking .... French second-quarter growth slows unexpectedly to 0.2% (Reuters). And while the experts will blame Brexit/trade war/etc. for this slow down, the fact is that with the exception of Germany, the European economy has been a poor performer for years.

3 comments:

Jb said...

The reality this monster someone created back in time will all cave into a living hell soon

Jb said...

All governments will fall into hell

Jb said...

And the devil knows it