Physical and lets you Business Trade frictions seeing chinas main growth engines volta its Services Sector is no longer booming putting pressure on jobs retail sales growth is at a 16 year low and chinese factory upward grew significantly slower than expected last month global answer best demand a weak chinas trade war with the u. S. Is dragging on and stock markets in the region of falling japans economy at least holds during the 3rd quarter growth of point 2 percent is well below the previous posters 1. 8 percent as pressure on policymakers in both japan and china to brand up stimulus. Lets go over to Chelsea Delaney off a National Correspondent in frankfurt chelsea where is all this leading. Really only further downward for both of these economies at the heart of the slowdown and japan and china is really the trade tensions between the u. S. And china which of put a drag on global trade but they also are both dealing with domestic issues as well japan has recently raised sales taxes
Narrowed the avoided entering a technical recession economy grew by point one percent in the last quarter surprising analysts whod expected stagnation it would feel as europes economic engine was headed for a recession off the growth slowed in the 2nd quarter its borderline germany has struggled as a result of the u. S. China trade war and slowing global demand. Was a joins us from the economic effects achieved in munich what is the problem here we have full employment order books a full life is good. Duff the German Economy currently has 2 faces for most of the people i would say that life is definitely good this is the case for those who are working in the more domestically are sectors of the German Economy that this in services in the retail trade or in construction this is the part of the g. German economy that is currently doing well on the other hand the situation is quite different in manufacturing where production is shrinking for more than a year now and here in this part of t
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