A very deep recession?!
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04 September 2022
Posted in
sentix Economic News
The general conditions for the global economy continued to deteriorate at the beginning of September. While in Europe the signs have been pointing to a considerable recession for some time, there are now increasing signs of a corresponding development at the global level. The sentix business cycle indices for all regions and countries under consideration are deteriorating. The third decline in the values for China is of particular importance. But the recessionary environment is also deepening in the Eurozone.
Headlines of the month
- At the beginning of September, the economic situation in the Eurozone is clearly worse again. The sentix overall economic index falls by 6.6 points to -31.8 points. This is the lowest level since May 2020 and the recession is deepening.
- In Germany, too, the economic clouds are getting darker. While the assessment of the situation is weakening for the third time in a row, expectations are even sinking to an all-time low!
- At the global level, the scales are also clearly tipping towards recession. The overall global aggregate index is at its lowest level since May 2020, and the third consecutive decline in the Asian ex-Japan index is particularly notable and worrying. China is now also threatening to slide into stagnation.
sentix Eco Report Euro area
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