Home / news / Europe stocks hammered as shrinking German economy heads toward recession

Europe stocks hammered as shrinking German economy heads toward recession

Europe shares hammered as shrinking German economic system heads towards recession

View Reddit by PorTruffleView Source

4 comments

  1. Looks like another GFC is coming folks

  2. Why is German economy shrinking?

  3. Not just Europe, here in North America we also took a big hit.

  4. This is the best tl;dr I could make, [original](https://www.marketwatch.com/story/europe-stocks-trade-lower-as-german-economy-contracts-2019-08-14) reduced by 75%. (I’m a bot)
    *****
    > Europe stocks traded sharpy lower on Wednesday after data showing the Continent's largest economy contracted and eurozone industrial production declined.

    > "Given varied risks, a gloomy global trade outlook and elevated uncertainty, we expect the economy to post another mild decline in the third quarter and therefore enter a technical recession even before Brexit and U.S.-E.U. trade risks are due to crystallize.”

    > The economy in the eurozone as a whole rose 0.2%, Eurostat reported, with Spain's economy rising 0.5%, France's economy improving by 0.2% and Italy's economy staying flat.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/cqrug2/europe_stocks_hammered_as_shrinking_german/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~420270 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **economy**^#1 **trade**^#2 **decline**^#3 **million**^#4 **profit**^#5

Leave a Reply