Posted on 08/16/2022 9:54:29 AM PDT by mac_truck
BERLIN, Aug 16 (Reuters) - German investor sentiment fell slightly in August on concerns the rising cost of living will hit private consumption, and suggesting Europe's largest economy is tipping into recession.
The ZEW economic research institute said on Tuesday its economic sentiment index fell to -55.3 points from -53.8 in July. A Reuters poll had pointed to an August reading of -53.8.
"The still high inflation rates and the expected additional costs for heating and energy lead to a decrease in profit expectations for the private consumption sector," ZEW researcher Michael Schroeder said in a statement.
"In contrast, the expectations for the financial sector are improving due to the supposed further increase in short-term interest rates," he added.
The German economy stagnated in the second quarter, with the war in Ukraine, soaring energy prices, the pandemic and supply disruptions bringing it to the edge of a downturn. Inflation is running at 8.5%.
(Excerpt) Read more at reuters.com ...
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Looks like that high end German economic engine has run out of gas.
Tax Republicans more. Trump supporters more you mean.
Freedom isn’t free.
And stupidity is really expensive.
You just called freedom, stupid. Stupid.
I'm going to tell your mother, child.
Given the level of pessimism in Germany, I’m guessing the Sholz government falls before year end.
Couldn’t happen to a nicer bunch of Euro-weenies either.😃
... economic sentiment index fell to -55.3 points from -53.8 in July.Germans better start a run on banks tomorrow. LoL!
I'm going to tell your mother, child.Go ahead if you need my mother to point out that calling Freedom stupid is stupid.
A month ago the IMF slashed its economic growth projections for Germany almost 2 percentage points to less than 1%...the worst projection in Europe.
Its all down hill from there Jerry
I just took a hot shower while waiting for PGR88 to make his idiotic reply.
Still the fourth largest economy in the world, toy_truck.
You’ll pay much more for hot water in about six weeks, thanks to the dummkopf Sholz government levy on natural gas usage.
Germany is crumbling like a stale kaffeekuchen...
Tell me... How is it that the brave Ukrainians are holding the Russians back for 6 months but France fell to the Germans in 6 weeks???
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