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Germany Falls Into Recession as Consumers in Europe's Bigges

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Germany Falls Into Recession as Consumers in Europe's Bigges

Unread postby BrianC » Thu 25 May 2023, 12:01:05

Germany Falls Into Recession as Consumers in Europe's Biggest Economy Spend Less
Germany has slipped into recession as last year's energy price shock takes its toll on consumer spending. From a report:
Output in Europe's largest economy dropped 0.3% in the first three months of the year, following a 0.5% contraction at the end of 2022, official data showed Thursday. The Federal Statistical Office downgraded its previous estimate of zero growth in gross domestic product (GDP) compared with the previous quarter. A recession is defined as two consecutive quarters of declining output.

"The persistence of high price increases continued to be a burden on the German economy at the start of the year," the office said. "This was particularly reflected in household final consumption expenditure, which was down 1.2% in the first quarter of 2023." Claus Vistesen, chief euro area economist at Pantheon Macroeconomics, said spending by consumers in the first quarter was crimped by "the shock in energy prices."
https://edition.cnn.com/2023/05/25/econ ... index.html
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Re: Germany Falls Into Recession as Consumers in Europe's Bi

Unread postby Plantagenet » Thu 25 May 2023, 15:51:58

Germany slipping into recession may just be the beginning. I can't see Germany going into recession without other EU states being pulled into recession....and I can't the see EU going into recession without the US and China going into a recession.

In fact I think we are heading into a GLOBAL RECESSION......

On the bright side, this doesn't mean that global stock markets are going to necessarily collapse.

Germany just went into recession but the German DAX stockmarket is near all time highs.

In this era of high inflation and economic stagflation where cash loses its value every day, there aren't many places other then the stock market where you can put your money in order to keep up with inflation.

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Re: Germany Falls Into Recession as Consumers in Europe's Bi

Unread postby theluckycountry » Wed 31 May 2023, 02:02:22

Plantagenet wrote:
In fact I think we are heading into a GLOBAL RECESSION......

On the bright side, this doesn't mean that global stock markets are going to necessarily collapse.


Of course not. For a global collapse like the GFC to happen we would need to see a hedge fund and an insurance company go under...
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Re: Germany Falls Into Recession as Consumers in Europe's Bi

Unread postby careinke » Thu 01 Jun 2023, 23:24:50

Germany should just change the definition of Recession, just like the U.S. did. Problem solved!! :-D

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Re: Germany Falls Into Recession as Consumers in Europe's Bi

Unread postby theluckycountry » Fri 02 Jun 2023, 04:03:25

"Migrants Will Soon Be The Powerful" - German Broadsheet Causes Uproar With Immigration Article

https://www.zerohedge.com/geopolitical/ ... on-article

Perhaps the museums will manage the nation better. The Fuhrer must be rolling in his bunker.
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