The German Economy Is Falling Off The Cliff

cliff diver dive fall

Photo: Wikimedia Commons

The good news is that Germany can no longer maintain the illusion that it’s an island of stability, immune to the problems its neighbours are facing.The bad news is that its economy is tanking.

German industrial production just fell 2.7% in September; much worse than August’s 1% decline, and far worse than the expected fall of 0.5%, according to Markit.

This comes on the heels of some really bad data last week.

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