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Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world... see more

TSX:S - Post Discussion

Sherritt International Corp > Germany into official recession...
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Post by CommonCents123 on May 26, 2023 11:58pm

Germany into official recession...

A country is deemed to be in recession when its economy shrinks for two consecutive three-month periods, or quarters.

"Under the weight of immense inflation, the German consumer has fallen to his knees, dragging the entire economy down with him," said Andreas Scheuerle, an analyst at DekaBank.

Germany's inflation rate stood at 7.2% in April, above the euro area's average but below the UK's 8.7%.

Higher prices have weighed on household spending on things such as food, clothing and furniture. Industrial orders are also weaker, reflecting the impact of higher energy prices on businesses.

"The persistence of high price increases continued to be a burden on the German economy at the start of the year," the federal statistics agency Destatis said in a statement.

Comment by CommonCents123 on May 27, 2023 1:48pm
As the economic engine of Europe, things are slowing down. Expect European Ni demand to drop.  Waiting for the next Chinese shoe to drop on Canadian exports to China as well.   Chinese not happy with Trudeau so there will be payback.  I'm not visiting China for a while.  They'll be looking for unsuspecting spies to be held for ransome. Hopefully Japan can pick ...more  
Comment by VerificateASAP on May 27, 2023 2:00pm
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