Germans IFO economist Wohlrabe: GDP could fall between 5 and 20% in 2020

If todays German manufacturing index data is not a warning sign of the biggest posiblle recesion in recent history, nothing is in my point of view. IMF business climate index fell to 86.1 which is the lowest level since August 2009. Also, based on the GDP projection from Klaus Wohlrabe, the World could retun in …

4Q 2018 GDP shows U.S. economy is better than thought

The U.S. economy was better than expected at the end of 2018, but it’s probably too soon to give it a clean prediction of health for 2019. That’s the main takeaway from the shutdown-delayed yesterdays report on fourth-quarter GDP, which cooled by less than expected (2.2 percent) to a 2.6 percent annualized gain thanks to surprisingly …