Germany is reporting no economic growth, and now France and Italy both are saying their growth rates are now at seven year lows, feeding fears of a recession.
Economic growth in the 19-nation area which use the euro has fallen back – led by the French and Italian economies finding a reverse gear.
An early estimate of eurozone output by the EU’s Eurostat service found collective growth of 0.1% in the final three months of 2019 following a figure of 0.3% in the July-September quarter.
That left the year-on-year rate of growth at 0.9% – its weakest level for seven years.
The slowdown in the final three months was driven by the bloc’s three largest economies as France contracted by 0.1% and Italy shed 0.3%.
The dominant force that is Germany continued to stagnate – recording zero growth. (source)
The issue here is Germany.
Once Germany has a recession, look for a migrant crisis.
Keep a good eye open for the next six to nine months.
If this happens- both the recession and a migration crisis -there is a very high chance it will spark a revival of more Germanic nationalism.
The Horst Wessel Lied
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