This seems to be the headline time series. Adjusting those retail sales for the 20+% inflation of last 4 years would show an even bleaker environment.
Closer to how many people are actually feeling.
— Christian Takushi (@ChrisTakushi) October 9, 2024
OUCH! The German govt sees Germany contracting for 2nd consecutive year. The govt revises down its GDP projection for 2024 from +0.3% to -0.2%. A decline in output in 2024—following a drop of 0.3% last year—would mark only 2nd instance of consecutive years of shrinking GDP since… pic.twitter.com/Z3UQov2PLh
— Holger Zschaepitz (@Schuldensuehner) October 9, 2024
#recession … #ECB Pushing on a String edition https://t.co/ktmJu13onj
— Invariant Perspective (@InvariantPersp1) October 9, 2024