And the future remains strangely difficult to predict. (Or should that be "unexpectedly" hard to predict?) Germany enters recession following economic 'collapse' as IMF sharply upgrades UK growth forecast | Daily Mail Online
The German economy suffered an unexpected dip in the first quarter of the year, formally putting the country into a recession, new figures show. [SNIP]
The figures come as a major blow to Germany's government, which just weeks ago boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialise.
By that last statement, they mean that Germans weren't freezing in the dark. German industry has suffered.
And since this is from a British paper they have to include some British news.
It comes as the International Monetary Fund was forced to admit it had miscalculated its prognosis of the post-Brexit British economy, which is now set to avoid recession, despite doom and gloom from Remainers who portrayed EU membership as an economic necessity.
All those people who claimed leaving the bloated bureaucracy that is the European Union would be the end of the British Economy were wrong. Don't expect any of them to admit that.
Things are bad. Food is up 19 percent in the UK, the worst inflation in 45 years. In Germany, overall inflation is 7.2 percent. But hey, the IMF - who got all the previous predictions "unexpectedly" wrong - are on the job!
No comments:
Post a Comment
Comment Moderation is in place. Your comment will be visible as soon as I can get to it. Unless it is SPAM, and then it will never see the light of day.
Be Nice. Personal Attacks WILL be deleted. And I reserve the right to delete stuff that annoys me.