German Of The Day: Hiobsbotschaft

Literally, “Job of the Bible’s message.” Bad news, in other words. Evil tidings.

HIOBSBOTSCHAFT FOR GERMAN ECONOMY: Industrial Production Surprisingly Down Sharply.

Germany’s Industrial Plunge Revives Winter Recession Fears – German industrial production sank by the most in a year — raising the risk that Europe’s largest economy slipped into a winter recession.

Output dropped 3.4% in March, more than the 1.5% decline economists had predicted in a Bloomberg survey. The decrease was especially pronounced in the automotive sector, according to the statistics office.

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