EUFL - Europe Has No Control Over Its Future
Whenever we talk about the European economy, Germany drives the discussion.
Yes, the UK and France are big, but Germany is the giant. If Germany sneezes, the rest of the continent catches cold.
And it is sneezing hard right now.
Germany’s Economic Woes
The latest GDP forecasts peg German growth at 1.5% for 2019. That is way too optimistic.
Germany had a 0.2% contraction in Q3 2018–and only 0.5% growth the quarter before. Fundamentals worsened, too.
Industrial orders for exports dropped 3.2% in November. This is the lifeblood of Eurozone. Germany’s exports are what