Danke, Mario, For All The Free Money! Germany Heading For 3rd Straight Quarter Of No Growth

If the ZEW’s figures are close, and they have been a reasonable approximation for Germany overall, then real GDP growth in Q1 2019 will not have been growth – which would make three straight quarters without any. That’s a very long time for it to have been absent. This may or may not be recession, but that is quite beside the big picture.







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