Germany in Recession

[Gin96]

Germany is officially very close to recession, the ECB are starting a QE program. Why is this sort of news kept hush hush but Britain’s bad news even though we are not in a recession is plastered everywhere? While I am a remainer and can see Brexit is causing chaos, it does make me question whether the news is biased towards the EU?
www.theguardian.com/business/live/2019/sep/12/trump-delays-tariffs-markets-ecb-stimulus-package-qe-mario-draghi-business-live

I have seen it reported so I wouldn’t say it’s being hidden. Brexit is obviously dwarfing that news as it’s much more dramatic ! Plus it hasn’t actually happened yet. Economists are calling it a natural down swing so I’m not sure how significant it is really.

Look on the Guardian business page, the ECB are very worried, it’s been going on for weeks

You read it in a newspaper. It is not hush hush. The majority of Brits could not give two hoots about Germany and don't even care about Scotland Ireland and Wales. If you think the news is biased towards the EU, you're not reading enough.

There cutting interest rates to -0.5, I think it’s pretty serious. Italy has flaunted all the rules when it comes to debt, Germany in recession, it doesn’t look good

Frankly, so what. We apparently think it's better to face a crisis without any mates rather than with your mates. Germany doesn't.

Flouted. Not flaunted.

Sure if we're going that way longwayoff, it's 'they're' or 'they are' OP 🤷

Weirdly enough germany on the brink of recession is a thread that has come up before in the brexit thread. Last week was the most recent to my memory.

And when Britain slides swiftly into recession, post-Brexit, all we will hear is 'It's a global trend, nothing to do with Brexit!'.

Yup, @Miljah , I presume they are lining up their "blame other people, particularly Remain voters and furriners" arguments right now.

Ah, the proof that they need us more than we need them.

The EU is already starting to crumble without us.

This is a standard paid political operative "squirrel" talking point. I guess there must be some more bad news due to break this afternoon!

I didn't think it was a secret, In fact there was a post on here a few week back. You really can't compare it to Brexit for media drama though, everyday brings another turn. When all this is over 'Brexit the series' will make great viewing. I wander who'll they get to play Boris.

Probably Boris. In a clown suit. Waving an EU flag.

My mind's gone.

So? Economies go in and out of recession. I mean the UK never seems to get out of one, and Brexit is going to be like an extinction level recession. But yes, Germany might have a downturn.

And therefore the EU is shit? Or Germany is? Or we shouldn't be in a trading bloc because one country might? I don't understand the logic.

My neighbour got very aggravated when the credit crunch was constantly talked about even though it hadn’t happened. I remember her saying The credit crunch, the credit crunch is all I hear. If people say it often enough they’ll make it happen. I often wonder if there was any validity in her statement, as sadly it did happen.

Miljah It will not be anything to do with Brexit, you are right it’s a global trend,
There is a recession every decade we are due one. But I expect you will want to blame it on Brexit to suit,
No nothing to do with America, China, euro zone, we have never recovered from the financial crisis, ( we were in the EU then )

Yup, Germany needs to spend some of its enormous reserves on its infrastructure to make use of its diminishing workforce.
Whoopie do.

Yes, it's got everything to do with America, China, euro zone, we have never recovered from the financial crisis - all the more reason not to shoot ourselves in the foot by causing problems with our largest and closest export market and with inward investment.

Indeed, plenty. Within a block, we have the possibility of trading our way out of recession; outside, alone....

Of course it's bloody biased, we don't see the half of it from the the eu on whole range of stuff. For those who are not interested they will never see any negative stuff.

Are people actually saying that British media is biased TOWARDS the EU? Fuck.

Lots of counties are on the brink of recession. Natural recession cycles plus issues in the eurozone/America/China have everyone on high alert.

Germany falling into recession, warns IFO

Ouch! Germany’s economy will fall into recession this quarter, according to new gloomy forecasts from the Munich-based IFO thinktank.

IFO has predicted that German GDP will fall by 0.1% in July-September, for the second quarter in a row. That would put Europe’s largest economy into a technical recession.

IFO also cut its growth forecast for 2019 to just 0.5%, from a barely-better 0.6%. That should concentrate minds at the ECB, as policymakers debate whether to restart their stimulus programme today.

IFO’s Timo Wollmershaeuser fears that the slump in German industry (particularly its car sector) is spreading across the economy, warning that:

“The outlook is weighed down by high uncertainties.”

IFO hopes that Germany will return to growth in the fourth quarter of 2019. However, this forecast is based on the UK avoiding a no-deal Brexit, and no further escalation of the US-China trade war.

And even then, IFO only expects Germany to grow by 1.2% in 2020, down from 1.7% previously.

Wait a minute. You are saying that Germany is not in a recession - just near one - but your thread title says it is. And at the same time you are trying to make the point that the media are biased, manipulative and not reporting the truth...