The U.S. economy will certainly not grow strongly in the second half of 2022.
The global economy is severely impacted by various factors in the summer of 2022. Many countries are on the brink of recession.
After a weak first half, the German economy is likely to stagnate at best in the third quarter of this year.
The U.S. economy contracted by 0.4 percent in the first quarter of 2022.
The global economy will be severely impacted by various factors in the summer of 2022.
The German economy continues to be hit hard by the war in Ukraine and the Chinese corona crisis.
In Juni, inflation increased by 1.0 percent compared to May. Within one year, inflation increased by 8.6 percent, which is worryingly high.
The war in Ukraine and the Chinese corona crisis are having a noticeable impact on the German economy and fuel inflation.
The US economy contracted by 0.4 percent in the first quarter of 2022 compared with the previous quarter (annualized 1.4 percent). However, this was mainly due to the fact that exports declined significantly.
Following Russia’s invasion of Ukraine, the outlook for the German economy has deteriorated.