U.S. Economy: Slowdown ahead

The US economy has been robust so far and grew strongly in the summer. However, there is now likely to be a slowdown.

Global economy faces a difficult winter half-year

The global economy expanded solidly in the second quarter of 2023, but without much momentum. I expect Europe – especially Germany and the United Kingdom – to experience a recession in the winter half-year.

Economy in the euro area sputters

The economy in the euro area is stagnating. Gross domestic product fell slightly in the winter half-year, by 0.1 percent in both the final quarter of 2022 and the first quarter of 2023. Private consumption in particular is weakening.

U.S. Economy: Banking crisis will lead to contraction of the economy

The U.S. economy is in turmoil and exposed to high risks. The banking stress, the debate about raising the debt ceiling, higher interest rates, geopolitical tensions, and the weakening global economy are likely to lead to a recession this year.

Global economy faces sluggish recovery

The global economy will recover only sluggishly this year with growth of 2.8 percent and next year of 3.4 percent, especially as no tailwind is expected from monetary and fiscal policy.

U.S. economy: recession not yet here, but increasingly likely

The economic situation remains very uncertain. It is rightly pointed out, for example, that the labor market is still robust. But the first dark clouds are already gathering on the horizon, even for the labor market.

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