Overview
Economic indicators in September hint at further global downturn, led predominantly by Germany’s continued recession. The “first mover” in economic signals, the sentix economic index, is showing a bleak outlook across major economies.
State of the Global Economy
Germany, reminiscent of the 2008 financial aftermath or the initial 2020 lockdown, shows its fifth successive decline in the overall index. The sentix economic index for the Eurozone, at -21.5 points, suggests that the region remains mired in a recession. This recession is particularly felt in the service sector and is set to deepen. Amid these declining economic circumstances, Germany’s economic weight pulls the entire Eurozone down, challenging the ECB’s stance.
Germany’s Stumbling Economy
Germany, once Europe’s economic powerhouse, is now grappling…
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