France & germany plunged into recession..!? Game Begun?

Several parties have predicted that many countries will be pushed into a recession by the end of 2022 due to the slow pace of economic growth in the world and that superpowers such as the united states will be pushed into a recession in the first half of 2023. Many parties have predicted that superpower countries like America will be pushed into recession in the first half of 2023. Which countries are stuck in recession..? Private sector activity in Europe's two major economies slowed in November, pushing them into decline. Thus it is said that both these countries are already plunged into recession like britain and have not declared it officially. France's PMI index fell to 48.8 points for the first time since the coronavirus, according to S&P Global Flash Purchasing Managers' Index data. Generally, a PMI index above 50 points means growth and below 50 points means decline.With this, France's PMI index fell to 48.8 points, while Germany's PMI index fell to 46.4 points. It is noteworthy that both these countries have recorded a recession than the level predicted by economists. At the same time, as the whole of europe enters the winter, fuel shortages, inflation, and production decline will reach their peak, which will affect not only the economy of france and germany but also the economic condition of europe as a whole. This will not only affect the economy of france and germany but also the economic condition of the entire of Europe. british Chancellor of the Exchequer Jeremy Hunt announced last week that britain is already in recession. While no country has yet officially declared that it has gone into recession, britain has admitted that it has gone into recession. Following this, germany and france, which are currently the largest economies in the european union, have entered into recession. With leading economies going into recession, other countries that depend on these countries will suffer more.For example, while europe is the most important trading country for India's textile industry, france and germany have entered into recession, making it very difficult to get new orders, which may reduce production and lay off workers in the indian textile industry.

మరింత సమాచారం తెలుసుకోండి:

germany and france reccesion

Sowmiya Sriram

25/11/2022 02:13 PM