Expect The European Economic Trainwreck To Be On Full Display Tomorrow

Trainwreck,jpg

A quick reminder: European PMI readings for the month of March come out tomorrow morning.

They’re likely to be very ugly.

Flash PMI numbers for France and Germany were both bad, and there’s no real sign that any data is improving anywhere. There are virtually no green shoots to speak of.

Today it was reported that Spain was again revising down its growth forecasts for 2013.

The endless decline of the economy is the real killer in Europe. That leads to bank stress, sovereign stress, and political stress. Without improvement none of that gets fixed.

We’ll be covering the European PMI numbers early Tuesday.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.