German and French factories indicate that the recession is already inevitable: next, layoffs
German and French factories indicate that the recession is already inevitable: next, layoffs
PMIs in specific countries that indicate how the recession has permeated everything. The PMIs that mark recession. The heart: Germany, and France. The two mark in their latest PMI data that the recession is inevitable. Nothing softlanding. German and French factories are halting at a level that indicates the layoff movement is next. The unemployment rate will expand aggressively if these PMI data are reflected in the economy as a whole.
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