News Formal

Global recession signals flash again as German business confidence falls to its weakest in 7 years

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Germany said gross domestic product shrank by 0.10% in the second quarter, stoking concerns of a recession within Europe's largest economy.

German business confidence declined more than expected in August, falling to its lowest level in close to seven years. It's the latest signal that Europe's largest economy continues is sliding toward a recession. The drop in sentiment comes less than a week after Germany posted its second-lowest manufacturing readout in six years. Signs of a recession in Germany having been piling up since early August after the country said its economy shrank in the second quarter.

German business confidence declined more than expected in August, falling to its lowest level in close to seven years. It's the latest signal that Europe's largest economy continues is sliding toward a recession. The drop in sentiment comes less than a week after Germany posted its second-lowest manufacturing readout in six years. Signs of a recession in Germany having been piling up since early August after the country said its economy shrank in the second quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Have they replaced Merkel?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German finance minister backs plans for wealth tax: HandelsblattGerman Finance Minister Olaf Scholz is backing plans for a wealth tax his Social... Terrible idea. Such tax didn't work well in France, did it ? German irrational side in full display. Instead of boosting internal consumption and investment, especially in its infrastructure, they dragg whole Europe to recession. Interesting SenSanders ewarren KamalaHarris BetoORourke CoryBooker PeteButtigieg JulianCastro
Source: Reuters - 🏆 2. / 97 Read more »

German business morale falls to lowest level since 2012 in AugustGerman business sentiment deteriorated more than expected in August to hit its l... あらあら…これは何かが始まる予兆のようですね… The reckoning for the EU is approaching. The beginning of the end of this unsustainable exercise in Global Elitism come 10/31 with Brexit. I’d be depressed too if I was German. Hamelin comes to mind as Merkel continues to pipe on. Morale...
Source: Reuters - 🏆 2. / 97 Read more »