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Germany in Recession

George121 Wrote: Jul 27, 2012 6:37 PM
This was painfully inevitable. Germany has been bailing out everybody in Europe. You can bet the German people are fed up with the politics, fianancial scamming, banking scams and overall deterioration of their economy. When will anyone start calling this current disaster what it is," the 2nd great depression?" stop calling it a 'double-dip' or a new recession. Who trusts the MSM when they talk about a recovery? Anybody? Nope. This has been a crashing nightmare for the last 5 years.

The vaunted German export machine is sinking into the abyss. The Markit Flash Germany PMI® shows German private sector sees fastest falls in output and new business since June 2009.

Key Points

  • Flash Germany Composite Output Index(1) at 47.3 (48.1 in June), 37-month low. 
  • Flash Germany Services Activity Index(2) at 49.7 (49.9 in June), 10-month low. 
  • Flash Germany Manufacturing PMI(3) at 43.3 (45.0 in June), 37-month low. 
  • Flash Germany Manufacturing Output Index(4) at 42.8 (44.8...
Related Tags: Recession