Posted Jun 5, 2013 by Martin Armstrong
Even the IMF has now revised its forecast for German economic growth down sharply. We have been warning that 2013 Europe will turn NEGATIVE on the GDP growth as a whole. The IMF now sees major risks that the German economy is not recovering and that Germany should abandon austerity.
Meanwhile, now the UN is warning of European civil unrest rising because of unemployment. The risk of social unrest is rising based upon the recent report by the International Labour Agency. We have been warning that there is simply no hope of job growth under these economic policies. Politicians cannot look in a mirror and see what they are doing to Western Civilization.