Worrying German economic decline continues
1 February 2024
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Julian Jessop quoted in The Express
IEA Economics Fellow Julian Jessop has been quoted in The Daily Express discussing Germany’s continuing economic slump, with figures showing a decline in output of 0.3 percent in the final quarter of last year.
Julian said:
“Two leading business polls this week are already indicating that Germany is mired in recession.
“The latest HCOB PMI survey, compiled by S&P Global, signalled that activity in services and manufacturing was still contracting in January.
“The leading national survey, compiled by Germany’s IFO institute, also showed that sentiment among German companies deteriorated further at the start of the year.”
Read the full article here.
Julian said:
“Two leading business polls this week are already indicating that Germany is mired in recession.
“The latest HCOB PMI survey, compiled by S&P Global, signalled that activity in services and manufacturing was still contracting in January.
“The leading national survey, compiled by Germany’s IFO institute, also showed that sentiment among German companies deteriorated further at the start of the year.”
Read the full article here.
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