U.S. manufacturing grew steadily in August but factory activity in China, the euro zone and Britain fell as Russia s war in Ukraine and China s zero COVID-19 curbs continued to hurt businesses.
are not able to what are your concerns? if we are not able to evacuate - what are your concerns? if we are not able to evacuate the l are not able to evacuate the grains from ukraine, and they have a harvest coming up in july with a similar quantity will go to waste, you can see this will work its way through for the next year or two, that will be really, really disastrous.- will be really, really disastrous. the clock is ticking- disastrous. the clock is ticking. 49 disastrous. the clock is ticking. 49 million - disastrous. the clock is i ticking. 49 million people disastrous. the clock is - ticking. 49 million people are already on the brink of famine, already on the brink of famine, a more prolonged humanitarian crisis could be looming. let s return to the cost of living, the era of ultra cheap borrowing is ending around the world. the central bank announced it. pumping money into the financial system. cbd has had emergency stimulus measures in place for eight years and it is
dependent on trade with russia. germany s chambers of industry and commerce says that 250,000 full times jobs are at risk, as the export business to russia comes to a standstill. and, of course, europe s biggest economy is hugely dependent on russian energy, importing over half of its gas and over 40% of its oilfrom russia. so, how adversely affected will the german economy be, with rising energy prices at the same time as a slowdown in business? joining me now is peter schaffrik, chief european macro strategist, rbc capital markets. good morning to you. so, if we would just outline for those watching the programme, we understand of course that germany exports a huge amount