Are Germany’s economic walls crumbling? Let our experts explain the potential consequences.August 20, 20191 min read
As the saying goes … where there’s smoke, there is usually fire. And as trade wars, Brexit and overall global uncertainty crash like waves across the planet – there might be another sure sign we are headed for a global economic slowdown.
Germany, the engine that runs Europe, may very well be in recession.
“A technical recession is defined as two consecutive quarters of negative growth, and Germany saw a 0.1% drop in the April-to-June period. In its monthly report, the Bundesbank said that with falling industrial production and orders, it appears the slump is continuing during the July-to-September quarter.
“The overall economic performance could decline slightly once again,” it said. “Central to this is the ongoing downturn in industry.”
Deutsche Bank went further Monday, saying “we see Germany in a technical recession” and predicting a 0.25% drop in economic output this quarter.” August 20 – Associated Press
- So, what will this mean for the EU, and economies far and wide?
- Do Americans need to be concerned?
- Is this just a stumble or is the world about to fall into another economic collapse?
If you are a reporter covering the economy and need an expert for your stories – let us help.
Jeff Haymond, Ph.D. is Dean, School of Business Administration and a Professor of Economics at Cedarville and is an expert in finance and trade. Dr. Haymond is available to speak with media regarding this topic – simply click on his icon to arrange an interview.
Jeff Haymond, Ph.D. Dean, School of Business Administration/Associate Professor
Research interests include economics and religion, as well as monetary theory