Title : Are Europe's Three Biggest Economies In A Recession Right Now?
link : Are Europe's Three Biggest Economies In A Recession Right Now?
Are Europe's Three Biggest Economies In A Recession Right Now?
* Three of Europe's largest economies — Germany, Italy, and the UK — are either in recession or are on the verge of it, which could spell danger for the eurozone.
* Germany, Europe's industrial backbone, is stuttering. The unemployment rate has risen for the second time in three months.
* The UK economy contracted for the first time since 2012, as output fell 0.2% in April to June.
* Italy's debt crisis is only being made worse by political uncertainty.
Europe could be about to hit a crisis, as three of its largest economies are tanking at the same time. What's more, the European Central Bank looks like it's out of bullets to fire the economy up.
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WNU Editor: The French economy is also tanking .... French second-quarter growth slows unexpectedly to 0.2% (Reuters). And while the experts will blame Brexit/trade war/etc. for this slow down, the fact is that with the exception of Germany, the European economy has been a poor performer for years.
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