Germany has finally admitted that it is in a recession today. This admittance is a sign for recession for the other two big economies, the United States and Japan, that Germany’s recession will be the first of more to come.
Now the Euro is worth a really low 1.25 US Dollar for one euro, making anyone who earns euros feeling the hurt quite a bit. Now is a very cheap time to come to Europe, even the pound is at it’s low of only 1.48 Us dollars per pound.
The world has stopped buying things and Germany is feeling the hurt. Germany just can’t successfully export as well and it is hurting it’s economy. So the recession will most likely spread. Germany already had been suffering it just, as we said, finally got the balls to admit that it is really in a recession.
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