Germany chaos
09 September 2024
Posted in
sentix Economic News
The drama surrounding the German economy is heading for another climax in September. The situation values plummeted by a whopping 5.3 points to -48 points. The recession is raging ever stronger. Tragically, the expectation values are also falling, demonstrating the hopelessness of investors looking at the EU heavyweight. Although the overall eurozone index is not immune in this context, the decline is comparatively small at -1.5 points. Nevertheless, the eurozone is struggling with dangerous recessionary tendencies ‘thanks to Germany’. The situation in the rest of the world is also weakening, but investors here are somewhat more optimistic in their expectations.
Headlines of the month
- The economy in the eurozone remains under pressure. The overall index for the eurozone has fallen for the third time in a row to -15.4 points. The situation values are primarily responsible for this. The economy is threatening to tip into recession. Once again.
- As an EU heavyweight, the German economy is playing a major role in this. Situation and expectation values, alt-hough already very low, are falling again. The German economy is collapsing in the open. The only hope is that it is probably the ‘last days of the traffic lights’ that are paralysing the country.
- The situation values in all regions are falling in September, indicating a critical situation in the global economy. However, there is hope that this does not apply to the expectation values, which have improved slightly in return. Investors are therefore not expecting any global contagion from the German economic problems.
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