Germany might have a recession in 2019. Commerzbank Chief Economist Joerg Kraemer and Kiel Institute economist Jens Boysen-Hogrefe agreed that while there is more pain to come for Germany’s manufacturing sector, the nation’s current construction boom would inhibit any government stimulus program.
Germany’s second-quarter German GDP was negative and the third quarter we might see a slight decline in GDP. Two negative GDP growth quarter meets the definition of a recession.
The UK also had -0.2% GDP growth in the second quarter.
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This forecast isn’t positive for both countries. I hope it will change. By the way, the writers from https://studymoose.com/national-honors-society-essay-2-essay have the same opinion because they have written about it in my essay.
There was excess warehousing aka “hoarding” in UK to account for an end of March Brexit which didn’t happen. Same way the USA is stocking up on Chinese goods before tariffs hit, boosting Chinese numbers more than you might expect, but tanking them after the tariff also more than you might expect. So UK businesses brought purchases forward in time, so less were made in the quarter after.
With that in mind these numbers are more concerning re:Germany than they are for the UK.
Could be a hard Brexit in October, and that must be considered.
He’s talking about European countries, and that’s a map of Europe…I think that is it.
lolol
I’m not getting the correlation between the article and the map.