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  • German economy in recession after high prices take toll, revised figures reveal

    From theguardian.com

    Germany has entered a recession, revised official figures have revealed, after high prices took a bigger toll on the country’s economy than originally estimated. Data from the Federal Statistical Office showed Europe’s largest economy contracted by 0.3% in the first quarter of 2023, compared with the previous three months, when it shrank by 0.5%. The technical definition of a recession is two consecutive quarters of contraction. A previous estimate suggested Germany had narrowly avoided recession with 0% growth in the first quarter. The statistics office said on Thursday that while private sector investment and ... (full story)

  •  Guest
  • | IP XX.XXX.129.44
Germany has fallen. Due to Germany being the biggest powerhouse in Europe, Euro should start experiencing weakness soon.
That's the cost of Brexit to the EU
#doyourownanalysisordietryin
"That's the cost of Brexit to the EU."

The only explanation I can give to this statement is that he or she trades all day, sits in front of the screen, but doesn't notice anything else. And when not trading, then playing World of Warcraft. With blinkers through the day - sad.
Quoting Guest
Germany has fallen. Due to Germany being the biggest powerhouse in Europe, Euro should start experiencing weakness soon.
German weakness will spillover into other European countries who have aligned economies for German industry. Europe headed into a prolonged downturn.

China is next as its' recovery fizzles since real estate (a primary driver of wealth) continues to break.

Well underway Stagflationary global slowdown has a goodly way to run.

US is not immune, but will do somewhat better then the rest. Prior Low interest refinances of Housing will buffer consumer spending cutbacks to a degree.
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  • | IP X.XXX.219.103
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  • Story Stats
  • Posted: May 26, 2023 2:02am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 1,579

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