By Harry Dent
The big news this week is that Europe came in weaker than expected. China’s already been weakening, but everyone expects that. After all, you can’t really trust the big reported numbers from the Red Dragon because they overstate things.
Germany just reported a decline in December retail sales of 4.3%!
Year over year in 2018, retail sales have declined 2.2%.
It shows that their consumer sector, which is driven by demographics, is weakening.
Most people don’t see that. We’ve seen this coming for decades.
Then there’s Italy. It fell into a technical recession… and I explain what that means and why you should care in today’s video. Listen now.
Looking at the consumer sector, Germany recently reported a significant decline in retail sales, while Italy slips into a technical recession to close out 2018. How indicative are these of a much larger consumer and demographic issue in Europe?Get more of Harry's latest research into the markets and where you can cash in while there's still time: bit.ly/2Uerdzt
Posted by Economy and Markets on Friday, February 8, 2019