Merkel mismanagement plunges Germany into full on recession
The Duran Quick Take: Episode 314.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss Germany's looming recession as factory output hits a decade low. Germany suffered its biggest slowdown in factory output since the financial crisis, as the eurozone’s biggest economy is speeding towards recession.
Germany's latest flash composite purchasing managers’ index was 41.4 for manufacturing for September, down from 43.5 the previous month. This is the lowest reading since September 2009. A reading below the 50 mark represents a contraction. The German economy as a whole is contracting for the first time in over six years, with manufacturing delivering the worst performance, and services also showing a slowdown.
#Merkel #Germany #EU #TheDuran
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