Germany Is Rapidly Heading Towards Recession
Germany is rapidly heading towards a recession.
Bloomberg told about the new problems of the economy of the flagship of the Eurozone.
Production has sharply decreased, and the Germans do not expect anything but a deterioration of the situation.
Activity indicators in the private sector fell to the lowest level in 25 months.
The European currency continues to weaken against the dollar.
The root of all problems is the same — the lack of cheap Russian energy, Bloomberg believes.
The next victim of the crisis will be France, whose indicators have followed the path of the German economy.