The lowest rate in 17 years showing an uptick of only 4. 8 percent analysts had forecast a 6 percent rise retail sales also rose less than expected a sign of weakening demand among chinese consumers the data suggests that the global slowdown and the trade war with the u. S. Is biting into the worlds 2nd largest economy. Meanwhile europes biggest economy appears to be running out of steam german g. D. P. Shrinking by a 10th of a percent in the 2nd quarter fueling concerns that a slowdown is already here the latest figures follow a lackluster growth in the 1st 3 months of the year 0 at the end of last year both exports and Industrial Production have fallen in the last quarter should the economy contract to get in the next quarter germany would officially be in recession. Now behind a german slowdown is a series of factors some are global in nature and others are home grown take a look. Of all sectors its the hitherto invincible industrial sector thats begun to drag on germanys economy fo
A recession here in germany the focus is turning to fiscal policy after years of solid growth and a commitment to a balanced budget calls are not growing on the government to boost spending to stimulate Economic Growth or mars problemi is facing a number of long term challenges including lack of Digital Infrastructure and an aging population and an expensive commitment to switching to renewable energy. Lets get more on the story now with our financial correspondent and that device in frankfurt and that investors are spooked the dow saw its biggest drop of the year on wednesday major asian markets also trading substantially lower this morning how big a role did germany play in this global selloff. Well actually if you look at the direct Market Reaction when the g. D. P. Data came out there was not so marked off in the reaction because a lot of people are that was widely expect that germanys economy is going to contract in the 2nd quarter and it is more fitting into the overall picture i
The lowest rate in 17 years showing an uptick of only 4. 8 percent analysts had forecast a 6 percent rise retail sales also rose less than expected a sign of weakening demand among chinese consumers the data suggests that the global slowdown and the trade war with the u. S. Is biting into the worlds 2nd largest economy. Meanwhile europes biggest economy appears to be running out of steam german g. D. P. Shrinking by a 10th of a percent in the 2nd quarter fueling concerns that a slowdown is already here the latest figures follow a lackluster growth in the 1st 3 months of the year and 0 at the end of last year both exports and Industrial Production have fallen in the last quarter should the economy contract to get in the next quarter germany would officially be in recession. Now behind the german slowdown is a series of factors some are global in nature and others are home grown take a look. Of all sectors its the here the 2 invincible industrial sector thats begun to drag on germanys ec
Every journey begins with the 1st step and every language the 1st word im looking niko peace in germany to the term. Why not with. The chefs its simple on your mobile and free. T. W. Zealand in course. Terms may be seen. Is a global recession around the corner wall street appears to things so investors ditched stocks on wednesday for safe haven bonds after data from china and germany point to a slowdown. Also on the show argentinas president backs off his strict Austerity Program after getting walloped at the polls but is it enough to convince recession weary argentinians. And a deadly fungus wipes out but anna crops in colombia experts say 95 percent of the worlds banana production could be at risk. This is your Business Report im stephen beards in berlin thanks for joining us u. S. Markets plummeted today on new fears that a global recession is approaching with the dow and nasdaq indexes both losing more than 3 percent driving the worries new data from china and germany suggesting bo
Worlds banana production could be at risk. This is your Business Report im stephen beards in berlin thanks for joining us u. S. Markets plummeted today on new fears that a global recession is approaching with the dow and nasdaq indexes both losing more than 3 percent driving the worries new data from china and germany suggesting both economies are slowing lets start with china factory output there grew in july by the lowest rate in 17 years showing an uptick of only 4. 8 percent analysts had forecast a 6 percent rise retail sales also rose less than expected a sign of weakening demand among chinese consumers the data suggests that the global slowdown and the trade war with the u. S. Is biting into the worlds 2nd largest economy. Meanwhile europes biggest economy appears to be running out of steam german g. D. P. Shrinking by a 10th of a percent in the 2nd quarter fueling concerns that a slowdown is already here the latest figures follow lackluster growth in the 1st 3 months of the year