Worries about germanys economic a big one for the first time in years the economy is shrinking but is it just a blip pois sign of a real slowdown meanwhile germanys fourteen by when it comes to auto official intelligence potentially costing the country trillions of euros. Things are getting critical for Industrial Companies along the banks of the river rhine low water levels caused by this honest lack of rain are severely hampering shipping on germanys most important waterway. This is your Business Update on how the homefront and by lynn thanks for joining me the economy here in germany shrank by zero point two percent in the Third Quarter more than analysts had expected and stifled by global trade disputes and problems in germanys car
industry that it is being seen as a wake up call that stable growth is by no means guaranteed. Exports were down and imports up in the Third Quarter thats trouble for an economy built on strong exports a major part of the problem has been a bottleneck in
Worries about germanys economic a boom for the first time in years the economy is shrinking but is it just a blip pois sign of a real slowdown meanwhile germanys foreign buying when it comes to alter official intelligence potentially costing the country trillions of euros. And things are getting critical for Industrial Companies along the banks of the river rhine low water levels caused by this sometimes lack of rain also very hampering shipping on germanys most important waterway. This is your Business Update im out on the homefront in berlin thanks for joining me the economy here in germany shrank by zero point two percent in the Third Quarter more than analysts had expected and stifled by global trade disputes and problems in germanys car
industry that it is being seen as a wake up call that stable growth is by no means guaranteed. Exports were down and imports up in the Third Quarter thats trouble for an economy built on strong exports a major part of the problem has been a bottlen
had to curb production rearranging delivery by road or rail is a complex challenge and will never be as efficient as water borne delivery. an average barge for example can carry two thousand tonnes of oil an amount that would otherwise need forty tank cars or eighty trucks. in the third quarter of twenty eighteen low water conditions cost b.s.f. fifty million euros in additional expenses and production losses the big question now is whether the low water levels are the exception or perhaps the new rule. well climate change mean traffic could soon cease completely on the run some companies are already looking at new barge designs with even flatter bottoms and discussing whether a pipeline could be installed on the riverbed. that s it from me and the entire business team had in about a nine had in the home free thanks for your company remember you can also find out
had to curb production rearranging delivery by road or rail is a complex challenge and will never be as efficient as water borne delivery. an average barge for example can carry two thousand tonnes of oil an amount that would otherwise need forty tank cars or eighty trucks in the third quarter of twenty eighteen most water conditions cost b.s.f. fifty million euros in additional expenses and production losses the big question now is whether the low water levels are the exception or perhaps the new rule. well climate change mean traffic could soon cease completely on the run some companies are already looking at new barge designs with even flatter bottoms and they re discussing whether a pipeline could be installed on the riverbed. that s it from me and the entire business team has in a ballet and i m having a humphrey thanks as ever for your company remember you can also find out more on