finance

July CPI inflation in Germany unexpectedly rises to 2.6%, above expectations of 2.5%.

Just hours ago, Germany reported a surprise -0.1% drop in Q2 2024 GDP.

Germany now has rising inflation with falling GDP.

Stagflation!

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

Did they not sell their bitcoin recently?? Makes sense 😅

Yikes, the economic engine of Europe, hope we can dodge this bullet in the US.

This stagflation could be a bit toxic to local society, especially lower class will be hurt I bet