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Is the EU headed for a recession?


Guest Sam Bouman

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European and German data has been worrisome, Italy is in a technical recession that they may struggle to get out of and globally there is a slowdown, this doesn’t make good reading for the EU.

Europe is a deep cause for concern, although America just finished raising rates the eurozone never even got started. Growth this year could be little more than 1%, the main cause of the problems for Europe comes from falling global trade. China’s reduced demand for goods and on top of that the increased strain onto China from US tariffs has increased the pressure on the EU economy.

Italy are currently in a recession and Im not too sure if the situation escalates that the EU will be able to bail them out as they did Greece previously.

There is hope that a US China trade deal could pick things up again but should Europe be relying on Washington and Beijing to get them out of a slump when they should be an economic powerhouse of their own? All does not seem well.

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