03-27-2019, 10:05 PM
Quote:The collapse of an index measuring sentiment among French services companies was an extreme version of several negative-looking charts coming out of Europe last week. Junk bonds have gone through the roof, meaning the credit quality of European companies is getting worse. There is an industrial recession in Germany. The continent will probably avoid a full-blown recession — but it is looking fragile. Here's a summary of recent data.Europe economic GDP growth data: heading into recession? - Business Insider
Quote:The single most worrying issue in the European economy right now is the ongoing collapse of German manufacturing. Last week, another raft of factory sentiment data came out and the charts look ugly: Analysts are saying things like "grim," "misery," "horrific," and "this is a serious recession warning in the German economy." While the European Central Bank is flashing warnings about the economic health of the whole region — President Mario Draghi on Wednesday said he might halt rate rises on a slump in demand — Germany is especially alarming.'This is a serious recession warning in the German economy' - Business Insider