This morning, Markit released its final set of data for the month on the state of the European economy. The data points to the lowest level of growth in over a year across the continent. On its own, that’s worrying. Normally we might be reassured by two things: Central banks stand ready to step in with more liquidity, if need be. And governments stand ready to add fiscal stimulus, if need be. But this time around, it looks like we’re heading into recession without either of those economic defences. Here’s what last month’s data said. Things don’t look good: German growth![]()
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