Germany on the Cusp of Recession
The German economy, typically a key growth engine for Europe, is sputtering. In fact, it may be entering a recession as we speak.
As shown in the LPL Chart of the Day, German gross domestic product (GDP) is expected to grow only 0.1% in both the third and fourth quarters, according to Bloomberg consensus forecasts, after contracting modestly in the second quarter. Most economists use two consecutive quarters of declining GDP as the benchmark for measuring recession.
“What has typically been the engine of growth in Europe has been a drag,” said LPL Chief Investment Strategist John Lynch. &ldq
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