Home / Business / Europe in crisis, Germany is in trouble: Andy Brenner

Europe in crisis, Germany is in trouble: Andy Brenner

The health of Europe's largest economy is in difficulties as Germany grows on the edge of a recession.

A decline in exports slowed the German economy, which fell by 0.1 percent in the second quarter of 2019.

"Germany is in terrible shape with negative GDP this week and with its expectations looking for another negative GDP during the third quarter the Germans will be forced to open their pockets and stimulate fiscal policy, "NatAlliance told global interest rate manager Andy Brenner FOX Business & Liz 39 on Friday.

" In Europe, its crisis situation. "

NatAlliance global interest rate head Andy Brenner

Concerns about a recession have the German government reportedly pushing to ditch its self-imposed balancing budget or Black Zero rule and finance more fiscal stimulus with new debt.The country's 1

0-year Bund yield, which hit a record that was low earlier in the day, responded to the stimulus and bounced up slightly.

"In Europe, its crisis situation," Brenner said. saying you had one of the European governors come out earlier this week and say they will give us a shock and awe on September 12. "


Brenner added Europe's lack of control over the US-China trade war is likely to create a global recession.

"I think Europe will be very damaged and I see no solution in the short term," he said.


Source link