Europe faces several challenges, specifically German manufacturing, trade wars and Italian budgetary pressures.
PMI is now at its lowest level since the depths of the European debt crisis. However, it is, importantly, Europe's largest economy that is more exposed to the major global risks this time around. Brexit Blog: Rebel Tories suggest support for Corbyn as interim PM Chinese demand for German exports has been under pressure due to the US/China trade concerns and with the renminbi devaluing further, making German goods more expensive in renminbi terms, this does little to support German manufacturing. There remains a risk that should these US/China trade issues be resolved that Presid...
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