Markets

Europe has a 70% chance of falling into recession, top economist warns

Allianz’s chief economic advisor puts the odds of Europe falling into recession at 70%. Mohamed El-Erian told Financial News that due to Brexit and a shrinking German economy, there’s a good chance that Europe will suffer its second crisis in a decade. Germany’s central bank warned of a potential recession […]
Europe has a 70% chance of falling into recession, top economist warns
Markets

German manufacturing is in ‘free fall,’ say factory executives

German manufacturing is in “free fall,” according to a survey from German executives. The Ifo’s Institute’s manufacturing business and climate index slumped in July. Germany’s services sector also declined in the survey. View Markets Insider for more stories. Germany factory execs say the industry is in “free fall” and won’t […]
German manufacturing is in ‘free fall,’ say factory executives