Wednesday, October 30, 2019

Approaching Recession

N-TV (commercial German news network) had a business piece today and chatted over the potential recession.

In blunt words, N-TV's comment was that the German economy is on the negative path right now.  They use numbers from DIHK (German Chamber of Commerce/Industry), and say that the economy doesn't appear to show any 'lift' for 2019 or 2020.

Blame?  Right now, it's aimed mostly at the global economy.  BREXIT may fall into play in 2020 (if it ever occurs).

Unemployment rising?  People are careful about suggesting this.  Presently, it's around 3.1-percent.  You could see a one-point rise occurring, without a lot of hyped-up feelings.  Anything going beyond 6-percent would mean serious political chats. 

Also, it's an odd fact that stands out in German data....but if you used summer 2019 numbers, Bavaria has the lowest unemployment rate (2.7-percent).  On the highest end?  Bremen (10.2 percent).   That's one of the bigger discussion items....various areas differ by significant numbers.  The southern half of Germany (to include Hessen) are all in the 3-to-4 percent range of unemployment.  The northern half is all six-percent or more. 

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