by amemon0326
- UK: Consumer confidence is growing, however due to Brexit no-deal, the country is in a perfect position to significantly feel the effects of any global slowdown
- Japan: Officials have been saying that the country may have already been in a recession since Mar ’19, things aren’t looking pretty with the new Japan/Korea trade dispute
- Germany: Low auto purchases are affecting the country, analysts said that low exports are slipping Germany into recession territory (although not yet there) edit: also breaking their budget balance stance in anticipation of a recession
- Italy: GDP growth has slowed to a projected .1% this year
- Singapore: The business giant just had their second quarter of negative GDP growth, confirmed at -3.3% due to global trade slowdowns
- Argentina: Their market just had the largest market crash since 1950, and are again at the brink of a recession, there is worry that the country will default on its debts
- Mexico: High unemployment, investment has dropped, services sector is dropping
- Brazil: Largest economy in Latin America, suffering from low manufacturing production, the country is releasing a report in the coming weeks which will determine whether or the not it is already in recession
I’m not saying that a doomsday recession is coming, or anything of that sort. But I think it’s naive to think that other major global economies’ slowdowns won’t affect the US economy in anyway.
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