Wipes out canal across asia experts say 95 percent of the worlds banana production could be averaged. This is business. As well come the latest figures published by china show our quote from its factories is growing albeit its slowest rate for 17 years the impact of the trade war with the u. S. Is taking its toll at home bought a white house decision to delay some to us a plan to slap on chinese products is the least some hope that tensions could be easing. The delayed tariffs if theyd hit in september would have been no laughing matter for ordinary americans for the 1st time they would have affected Consumer Products including Toys Clothing and electronics thats why President Trump says hes spending them for festive reasons explaining to reporters that the tariffs would have had too much effect on peoples christmases. The president also says the decision follows constructive phone calls with the chinese beijings incentive for
ending the trade conflicts was laid bare in figures announced by the government on wednesday july is industrial output growth of 4. 8 percent is well below expectations and the most sluggish since 2002 the numbers also paint a picture of an economy slowing across the board with disappointing retail and investment figures the increasingly tangible impact of the trade conflict with the United States shows its more than just a game. Thats been a financial correspondent and reading from singapore well the latest Terror Of Delay by donald trump have any impact on this kind of data next quarter or is it too little too late. Ok i have the only gift that this delay in terrorists is bringing to china is time this delay is going to be able to buy time for the negotiators to requote the Negotiating Skills and assets to the
table come september when they have those talks with the u. S. Now the data that thats been put out by china is not only reflective of whats of what impact the u. S. Has have done to the chinese economy but its also showing how china is struggling to stabilize its economy as it moves away from manufacturing economy and into a more domestic consumption driven economy but that seems to be a weak point for china because g. D. P. Is at its slowest as well 6. 2 percent staggeringly in the in the 2nd quarter of this year. You mentioned the trade talks will continue in september what can we expect. Well analysts say some of those tears will go on and go ahead come September 1st but we wont see any conclusive talks coming out of those discussions you know but the move by trump delaying his tariffs
is seen as an all of brunch of sorts to china and this is with the hope that you know of following the talks china might actually see some concessions impose some concessions to the u. S. In a reciprocated more now this is also. A definite softening entry point for the negotiations to start on September 1st. Thing in singapore thank you. And a similar picture seems to emerge here in europe the continents biggest economy is running out of steam germanys latest Growth Figures have fueled concerns that the country could be on its way into a proper was session the economy contracted 0 point one percent in the last quarter after posting lackluster growth best the 1st 3 months of the year and none at the end of last year the slump has been attributed to
a fall in sales of Machine Parts and cars to china. Breaks it and a difficult Global Trade Environment should the economy complex again in the next or the journey would officially be in a recession. Of all sectors its the here the 2 Invincible Industrial Sector thats begun to drag on germanys economy for years its been the driving force behind the recovery but no longer german Industrial Production in june 29000 was 5 point 2 percent down on june last year thats the largest reversal since the Global Financial crisis and recession 10 years ago exports of also long been a pillar of the economy also a thing of the past right now germanys exports in june 29th seen were shocking 8 percent lower than in june 28th seen Industrial Companies are dealing with a number of factors the trade war between the u. S. And china is exerting a drag on the Global Economy. Fears also surround brags that the ukase impending
departure from the e. U. Germanys Energy Transition the switch to Sustainable Energy sources is still very much work in progress and adding to the countrys worlds its Flagship Auto industry is struggling with holmey troubles they include the notorious Diesel Emissions Scandal the conversion to electric drive systems and problems with digitalisation in general. All these issues are combining to weigh on Overall Economic output. And with the outlook not appearing too promising either it could well be that the e. U. s number one economy is heading steadily towards recession. And to find out whether it is or not i spoke to Marcel Foster hes the chief of the influential German Institute for Economic Research and i asked him how bad the contraction really is and how much of it is homemade. Were likely to have a nother quarter of negative growth germanys probably in
a technical recession but its no reason to panic the structure of the German Economy is sound we have companies that are competitive that have high earnings we have a very strong labor market with Record Employment and we have a strong government with significant fiscal surpluses so the problem really comes from global trade which has been contracting by 8 percent over the last year germanys economic model depends on trade so this is the result of the Global Crisis from a trade conflict from uncertainty about brics it about italy about geopolitical conflicts so we should really not panic the German Economy is fundamentally sound so youre saying that is nothing of its own that i dont think this is a homemade slowdown germany has challenges in the long run to make the transformation from industry to services towards digitalisation but theres no reason why germany shouldnt have another 234 very good economic years again
germanys economy is sound and i dont see the problems really stemming primarily from the domestic economy so do you agree with the traffic when she said it was to be less is needed. No germany needs an economic stimulus in particular asses economic slowdowns comes from the Global Economy its important for the German Government to stabilize the German Economy through a fiscal stimulus thats what we need now in germany the government has big surpluses it could it has the money to do so we need more Public Investment in infrastructure in innovation in education this is an opportunity both in the short run to stabilize the economy and to provide higher potential more growth more wealth in the long run what about lowering taxes. Lowering taxes can be helpful it depends how it is done if its lowering taxes on investment i would say the. Its very much needed because we need more private investment if its about
a tax cut for the rich. The economic benefits are close to nil so the government needs to get their priorities right think how can they stabilize the economy how can the best spend the money in my view the abolishment of the of The Tech Surcharge On Income which really benefits the top 30 percent of income earners abolishing that tax. Move not really how the German Economy. Now do you like but nonis well frankly who Doesnt Bananas are big business the livelihood of millions of farmers mostly in asia and Central America the bend on it the bahamas the worlds most popular fur we eat one 100000000000. 00 of them every year many varieties but the cavendish is the most popular 95 percent of all exported bananas are cavendish and that is becoming a problem because there is a fungus known as the Panama Disease that attacks exclusively bananas of the
Cavendish Variety it has spread through asia and it is spreading 413. 00 acres section of colombias another crop has already been contaminated some experts are already predicting the end of the banana. The little fungus devastates Banana Plantations diffuse their e m organism has already destroyed crops in asia now its in Latin America. That it presents of the fuse area and fungus continues to be contained in the area on 432. 00 acres 6 Banana Plantations are affected there are national. Colombia has declared a National Emergency and the countrys Agricultural Institute has launched a nationwide effort to increase on a 3 controls containers the arrival of the fungus in Latin America the Worlds Largest exporter of bananas is a major threat. Colombia is one of the worlds leading Banana Exporters after
ecuador Costa Rica 100 Euros Panama and guatemala. Most of the banana sold in western supermarkets are of the Cavendish Variety which have traditionally produced a solid gildea under easy to transport as a result theyve become somewhat of an export sensation. But because of Mass Cultivation of this one kind of banana many plantations lack genetic diversity diminishing the chances of a strain that is resistant to the disease that has led many farmers to fear for their livelihoods in columbia alone Banana Plantations occupies some 50000. 00 hectares the country exports some 100000000. 00 boxes of the manually at a value of 860000000. 00 Tens Of Thousands of jobs are lie in the industry and. The worry now is a lot of people are being left without work but none of plantations have closed several have already shut theyre closing them as there are a lot of disease and its damaging the whole Banana Plantations. The deadly fungus struck before in 1960 almost all plants of the most common variety of banana were destroyed they were replaced with the Cavendish Variety now it too must be replaced. By me and the business same here in berlin for more Business News and Back Story Check Out The W dot com Slash Business follow us On Social Media twitter. Or you go heres a quick look at Global Markets at this hour to do the full. As so as youre up to your place. If its to the future champions young champions. Subjectivists for the country. They are fighting for the dream of a United Church of. The champs. And they say good idea the best most of my misses stand up than most and contribute to something important circumnavigate. The book. Of europe starts September 2nd on d w. E
coal india. How can a countrys economy grow can harmony fix people environment. When there are do 1st look at the bigger picture. India a country that faces many challenges the 1st see. People are striving to create a sustainable future. Clever projects from europe and. Eco india on t. W. Every journey begins with the 1st step and every language but the 1st word the most difficult the coaxing germany to cut. Why not come with him. Its simple line on your mobile and free. W z e learning course. German made easy. To look up the
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