{"id":42658,"date":"2019-01-12T13:29:16","date_gmt":"2019-01-12T18:29:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=42658"},"modified":"2019-01-12T13:29:16","modified_gmt":"2019-01-12T18:29:16","slug":"europe-likely-in-recession-now-germany-france-italy-production-collapsed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=42658","title":{"rendered":"Europe Likely in Recession Now: Germany, France, Italy Production Collapsed"},"content":{"rendered":"
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Europe Likely in Recession Now: Germany, France, Italy Production Collapsed<\/a><\/h3>\n<\/div>\n
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German, French, and Italian industrial production collapsed in November. Italy GDP is negative for 3rd Quarter.<\/p>\n<\/section>\n<\/div>\n<\/header>\n
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Italy GDP<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Italy’s GDP was negative for the third quarter. Gross domestic product (GDP) in the euro zone\u2019s third largest economy fell by 0.1 percent in July-September due to weaker domestic demand, statistics bureau ISTAT said, the first decline since the second quarter of 2014.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Based on industrial production, Germany and France will soon follow.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Germany Industrial Production<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Analysts actually expected German IP to rise. Go figure.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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German industrial output<\/a> fell unexpectedly by 1.9 percent month-on-month in November 2018, missing market expectations of a 0.3 percent rise and following an upwardly revised 0.8 percent drop in October.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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France Industrial Production<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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France’s industrial production<\/a> fell 1.3 percent from a month earlier in November 2018, reversing an upwardly revised 1.3 percent growth in October and missing market expectations of a 0.2 percent gain.<\/p>\n

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Italy Industrial Production<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u200b<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Italy’s industrial production<\/a> slumped 1.6 percent from a month earlier in November 2018, much worse than market expectations of a 0.3 percent decline and following a meager 0.1 percent gain in October.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Brink of Recession or Already In Recession?<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u200bThe Telegraph asks Is Germany – and the Eurozone – On the Brink of Recession?<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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The water levels of the Rhine are low and Germany may be flirting with recession. The two are connected, many argue. The Rhine is a key artery for the transport of many goods into and through the country, particularly for the chemicals and energy industries.<\/p>\n

But praying that the water rises and all will come good might not be enough. Just as the idea that negative growth in the third quarter was due to the temporary hit of emissions testing rules on an already troubled car industry, the one-off excuses are starting to wear a bit thin. There is a grander slowdown facing Berlin, and, as the eurozone\u2019s economic powerhouse, potentially the rest of its members too.<\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

Europe Likely in Recession Now: Germany, France, Italy Production Collapsed German, French, and Italian industrial production collapsed in November. Italy GDP is negative for 3rd Quarter. Italy GDP Italy’s GDP was negative for the third quarter. Gross domestic product (GDP) in the euro zone\u2019s third largest economy fell by 0.1 percent in July-September due to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[281,333,359,1464,14648,13390,1264],"class_list":["post-42658","post","type-post","status-publish","format-standard","hentry","category-economics","tag-europe","tag-france","tag-germany","tag-italy","tag-michael-shedlock","tag-mishtalk","tag-recession"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42658"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42658\/revisions"}],"predecessor-version":[{"id":42659,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42658\/revisions\/42659"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}