German producer prices fell by 3.3% year-on-year in April, and were expected to fell by only 3.1%. Compared to March, prices were up 0.2%, with an expected impact of 0.3%. Price pressure is falling as the biggest economy of the eurozone is in recession.
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42 sats \ 0 replies \ @Coinsreporter 21 May 2024
It's confirmed. Germany is in recession and other nearby countries are also feeling it heavily. What that means is Eurozone will fall apart and the consequences will be much bigger than anticipated.
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42 sats \ 2 replies \ @Satosora 21 May 2024
SO germany is getting hit, too?
What will happen to the other countries?
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10 sats \ 1 reply \ @GhostofTruth OP 21 May 2024
when Germany has a cold, the eurozone usually has a severe flu. southern europe's entire creditworthiness depends solely on Germany's solvency, and they are crippling themselves with their economy and energy policy.
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0 sats \ 0 replies \ @Satosora 21 May 2024
Yeah, it is struggling now.
But if they crack the green energy, they will be ahead!
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