Germany facing a likely recession sometime soon

Germany facing a likely recession sometime soon

The prospects of a recession in Germany have seen a jump this Friday after the European country had published their figures for industrial production and these figures have been worst since they have been since the month of January in the year 2009.

The data which had been released on this Friday have showed that the industrial production in Germany has fallen for the fifth time in the previous seven months and has dropped by close to 7% in the year. The exports haven’t seen much of a growth too in the month of December and have only been up by a level of 0.1% on a monthly basis. The recent figures have added to the pressures which the economy has been facing. The figures have shown that the largest economy of Europe has seen a contraction of 2.1% on a month over month basis.

The economists have said that they were very pessimistic about the outlook in Germany and there is a likelihood that the country may be experiencing some sort of a storm. They feel that there are many risks as there is a global slowdown in trade, there is a conflict in geopolitics and there is a financial sector which is very weak and the economy of the Eurozone has been feeling the impacts of recession as well.

The government of Germany must now take action immediately feel the economists who feel that the dreaded recession may not be too distant and the economy has avoided recession very narrowly in the last 18 months and is not likely to avoid it for too long.

Economists have been lowering their outlook for the economy.

Lisa Gray

About Lisa Gray

Lisa Gray is one of the experienced team members of our portal with a total experience in writing field of 5 years. Lisa has pursued a Degree in Healthcare Management. She has been the backbone of the entire portal team sharing her work and knowledge with others. Lisa has been a part of this portal since its inception and manages the Health domain right from writing articles to quality check of articles written by members of the team. Lisa, for the portal, scripts down reports, blogs, and articles that entail subjects such as vaccination reports, clinical trials, new drug discoveries, news disease outbreaks & measures, drug approvals, and so on.

View all posts by Lisa Gray →

Leave a Reply

Your email address will not be published. Required fields are marked *