RT Julian Jessop
More grim news on the German economy...
#ifo business survey weakened further in June, adding to evidence that the #recession which began in Q4 2022 is still dragging on 👇
#sickmanofEurope
https://www.ifo.de/en/facts/2023-06-26/ifo-business-climate-index-declines-june-2023

🐦🔗: https://n.respublicae.eu/julianHjessop/status/1673265322126716928

RT @julianHjessop: More evidence of economic crisis at the heart of the euro area: final #manufacturing PMI for May hit a 36-month low, led by #Germany... 👇

#sickmanofEurope

(UK still relatively resilient, but struggling too)

sources: https://t.co/abCvFYxnF2 https://t.co/Bt7FazmpUI

🐦🔗: https://n.respublicae.eu/john4brexit/status/1664339315978018823

Eu recovery in #manufacturing has stalled, notably in Germany (#sickmanofEurope).
RT @julianHjessop: Better economic news from the #euro area too: flash #PMI composite output index jumped to 54.1 in March, led by strong growth in services.

But recovery in #manufacturing has stalled, notably in Germany (#sickmanofEurope).

(UK data out at 9.30am)

source: https://www.pmi.spglobal.com/Public/Home/PressRelease/4647975569084fc1bf64aa81966e2387

🐦🔗: https://n.respublicae.eu/john4brexit/status/1639235935727411200

Brexit has made Britain 'the sick man of Europe again' - Guardian columnist says.
#Brexit
#SickManOfEurope
#BrexitUK

"It was a confidence trick on the British public, the majority of whom now realise that they have been had", William Keegan said.

https://www.thelondoneconomic.com/politics/brexit-has-made-britain-the-sick-man-of-europe-again-guardian-columnist-says-339592/

Austerity breeds austerity. In the current economic cycle we need growth stimulus
RT @julianHjessop: Timely reminder for [insert name of Chancellor here] that now would be a terrible time to hike taxes or slash spending: UK composite #PMI fell to 47.2 in October, a 21-month low... #recession

ps. euro area index was 47.1, a 23-month low, with Germany (#sickmanofEurope) just 44.1

🐦🔗: https://nitter.eu/john4brexit/status/1584607629871288320

Germany is the backstop for the eurozone. The ECB is still printing money to prop up Italy’s broke banks. It doesn’t look good.
RT @julianHjessop: Good to see some proper coverage of the economic crisis in #Germany...

(this is important context for the problems in the UK, not a bad case of schadenfreude)

#sickmanofeurope

🐦🔗: https://nitter.eu/john4brexit/status/1544252626073800707

RT @julianHjessop: Reminder of one of many reasons not to put too much faith in #OECD forecasts!

#Germany #SickManOfEurope

🐦🔗: https://nitter.eu/john4brexit/status/1543874392396120064