As a result of the proxy war on Russia at US behest, Europe continues to be drowned in a sea of bad economic data. Here are some Q2 figures which have been released:

• Germany: -0.2% https://www.reuters.com/markets/europe/german-economy-stagnates-q2-after-winter-recession-2023-08-25/
• Italy: -0.4% https://www.reuters.com/markets/europe/italys-economy-shrinks-by-04-q2-casting-shadow-over-outlook-2023-09-01/
• Austria: -0.7% https://www.rttnews.com/3387721/austria-q2-gdp-falls-0-7-more-than-estimated.aspx
• Netherlands: -0.3% https://www.abnamro.com/research/en/our-research/nl-update-q2-contraction-pushes-the-netherlands-in-a-technical-recession
• The UK was slightly “better” at +0.2% https://www.theguardian.com/business/live/2023/aug/11/uk-gdp-economy-growth-stagnation-contraction-june-q2-business-live