Germany Heads for a Technical Recession




Search  

ORIGINAL POST

Posted by Ed 2 mths ago
This economic slowdown is not unique to Germany but has been spreading across the EU.
OK, this is embarrassing in the land of super-stimulus via the ECB’s negative-interest-rate policy and years of QE that were supposed to perform miracles: Production in Germany’s industry, which includes construction, dropped 1.9% in November from the prior month (seasonally adjusted), the German statistical agency Destatis reported this morning. This drop is also embarrassing because economists polled by The Wall Street Journal had expected a 0.3% gain.

The agency also downwardly revised October, to a monthly decline of 0.8%. This makes three months in a row of declines. In November, compared to a year earlier (adjusted for inflation and calendar differences, but not for seasonality), the production index dropped an ugly 4.7%:

https://wolfstreet.com/2019/01/08/germany-heads-for-a-technical-recession/


https://wolfstreet.com/wp-content/uploads/2019/01/Germany-industrial-production-2018-11-.png

https://wolfstreet.com/wp-content/uploads/2019/01/Germany-GDP-growth-2018-q3.png


< Back to main category


>

Login now