Thank you bridge no order to ship them overseas but cutting cambodia tries to put some survival into its domestic industry. Ive been lets do business a global recession could be round the corner and the trade spat between the u. S. And china is only getting worse but some reprieve today on the economic front as beijing pulled this out of its hat an uptick in exports last month up 3. 3 percent from a year earlier analysts had predicted a full given the trade war and all imports into china are another story where domestic consumption continues to drop off less than expected still these next numbers are telling once Chinese Trade with the us is taking a hit especially imports from the us falling 9 percent from a year earlier china is no longer americas top Trading Partner falling below the mexico and canada for the 1st half of the year lets talk about that and the world
economy with columnist. From the Macro Economic policy institute here in germany and doesnt quite agree with what many a
mean it is of course the growth a softening compared to last year but we will still have growth and although chinese pros is now i think the lowest in the last 10 years or something i mean it s still what it s still the highest growth rate of any big economy in the world with around 6 a little bit more than 6 percent so this is softening but it s not yet recession ok for me and i want to ask you about the health of europe s largest economy in a moment 1st let s take a look at this report because the big german engineering firms car makers and supply has a role in crisis hit by profit downturns a lot of companies are cutting jobs or reducing hours. europe s economic motor may be running out of gas would a motive supplier continentals and it profits slump 41 percent in the 2nd quarter and the company has announced plans to shut down an entire factory competitors shiflet and bush also lowered their earnings expectations and said to stop food