With a PMI of just 41.4, the bottom has fallen out of the German manufacturing sector. Germany was already heading for recession when the #ECB went negative on interest rates. Instead of stimulating the #economy, negative rates signal a lack of confidence in the economy and thereby discourage investment and spending. They make a recession more rather than less severe. The Eurozone is heading into very rough economic seas, and without the ECB able to throw out a lifeline. https://www.zerohedge.com/economics/collapse-germany-real-and-accelerating #news #trade #finance
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Germany's composite PMI is under 50, meaning the overall economy is contracting. The German #recession is getting deeper--which means Europe's recession will be getting deeper as well. With European banks already under duress from the #ECB's insane negative interest rate policies, will this morph into another banking and liquidity crisis in the #EU or just be a run-of-the-mill recession? https://www.zerohedge.com/economics/technical-recession-german-pmi-plunges-7-year-low-sparks-global-stock-selloff #news #economy
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More from A Voice Of Liberty

Germany's composite PMI is under 50, meaning the overall economy is contracting. The German #recession is getting deeper--which means Europe's recession will be getting deeper as well. With European banks already under duress from the #ECB's insane negative interest rate policies, will this morph into another banking and liquidity crisis in the #EU or just be a run-of-the-mill recession? https://www.zerohedge.com/economics/technical-recession-german-pmi-plunges-7-year-low-sparks-global-stock-selloff #news #economy
20 views ·