Global Auto Sales Expected To Crash More Than After The Financial Crisis | Zero Hedge

Global Auto Sales Expected To Crash More Than After The Financial Crisis | Zero Hedge

The global auto industry continues to deteriorate, namely due to broke consumers after a decade of low-interest rates and endless incentives.

The auto slowdown has sparked manufacturing recessions across the world, including manufacturing hubs in the US, Germany, India, and China. A prolonged downturn will likely result in stagnate global growth as world trade continues to decelerate into 2020.

The Fitch Ratings economics team published a new report earlier this week, first reported by CNBC, outlining how global auto sales are expected to crash at a rate not seen since the last financial crisis

via Global Auto Sales Expected To Crash More Than After The Financial Crisis | Zero Hedge

Tossing in 1 TRILLION per year in QE fiat money to keep the downturn from happening is not going to work much longer. You cannot fight the tide with a child’s sand shovel and  bucket. 

2 thoughts on “Global Auto Sales Expected To Crash More Than After The Financial Crisis | Zero Hedge”

  1. Can find the same info on Newsweek. Read zh 12 years. Turned out to be a passive-aggressive, profascist, racist rag It glorifyies violence and racism. Stealth operative rag

    Like

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