Post by JustJohn or JJ on Aug 20, 2019 6:38:21 GMT -7
Wide implications as Germany teeters toward recession
By DAVID RISING yesterday
BERLIN (AP) — Germany, Europe’s industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country’s central bank Monday — a development that could have repercussions for the rest of the eurozone and the United States.
As well known Germany is a manufacturing/export state. This is the primary source of income that fuels the related economy. For a meaningful response, my self am not or was not trained in this decipline, for as many, my self must rely upon the reports of those such as you have brought forward.
Germany though, as most industrial states, will have the ups and downs of production turning in to surplus as various markets close for their own reasons. It is then that orders will slow and begin a slide down for a rest, then as the markets begin to rise with orders, the up hill trend then returns.
It is normal by virtue of the cries of investers who make money with out producing. Then the media picks up on this noise and shouts the sky is falling and makes matters worse, for bad news feeds more bad news..
The following is a more understandable rendition by professionals: