BERLIN - Germany’s industrial output unexpectedly dropped in October, reviving worries about its economic growth outlook as its manufacturing backbone takes a blow from global trade conflicts and disruptions in the auto sector.
“Now the trepidation starts again about GDP growth in the final quarter,” said Jens-Oliver Niklasch, economist at Landesbank Baden-Wuerttemberg. The economy grew by just 0.1% in the third quarter, narrowly avoiding recession, which economists usually define as two consecutive quarters of negative growth.
Many economists have been urging the government to ditch its policy of incurring no new net debt, saying it should instead borrow to finance a stimulus package.
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Cool robots )
Just wait until they quit working. Then, there will be some real output dropping. 🇪🇺 🚽
Well, when you are your age demographics are upside down and no longer support a domestic growth led economy, you chain yourself to the whims of the globe. Wonder why Germany wants the US to keep bank rolling and defending the Global Order.....
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