“The German Yield Curve is the mot inverted its been in over 31 years.
This may signal an impending recession.
Also the German economy:
-6.1% Inflation
-Contraction in PMI from May to June
-GDP forecasted to fall in Q2”
Source: t.co/kognkNxLL6
— Genevieve Roch-Decter, CFA (@GRDecter) June 27, 2023
“WSJ: Germany has become a drag on Europe’s economy due to its reliance on manufacturing When global demand weakens (as it happens with high energy costs and inflation), this model is no longer competitive. Energy-intensive manufacturing industries were hit particularly hard…”
Indicators and surveys all point to the same – crisis territory pic.twitter.com/nZpJSk8xwY
— Nikolay Kolarov, CFA (@libertniko) June 27, 2023
Views:
89