Far most of the money is made outside of the country. Is t w business im in. Germany seems to be heading towards a recession the countrys chemical engineers carmakers component suppliers they all are in a Crisis Companies have seen a profit slump and are considering job cuts or switching to short time work is just this weeks headlines from the German Economy so far automotive supplier continentals net profits slumped 41 percent in the 2nd quarter competitors scheffler and boss lowered earnings expectations as well some firms even slipped into the red Steel Companies are struggling with falling demand to tis uncalled for example is expected to report a slump in earnings exporters are feeling the squeeze from growing trade tensions between the u. S. And china and brags it has prompted many firms to hold fire on plant investments. Now the past few months these clouds have been gathering over the German Economy it appears the country is really heading towards an actual recession in june th
Economy with our economy. Following a live news from the Macro Economic policy institute here in germany and doesnt quite agree with what many analysts are saying today i believe is that true. If analysts are saying that we are really heading into a worldwide recession i wouldnt agree but most analysts i think are not there yet they say the risk of a global recession has increased of course it did but we are not there yet where does this put china. You know china has a softening of growth and they have also a decline in manufacturing which is true for a lot of the world but they still have a robust domestic economy n. T. And the government is also doing a lot theyre cutting taxes they are softening credit standards they are doing a lot of Public Investment so i think the Chinese State is ready and able to cushion and the private sector so you reckon the Chinese State is in control the World Economy is going to continue just i think it is ignoring the long yeah i mean it is of course th
Saying today a belief is that true. If analysts are saying that we are really heading into a worldwide recession i wouldnt agree but most analysts i think are not there yet they say the risk of a global recession has increased of course it did but we are not there yet where does this put china. You know china has a softening of growth and they have also a decline in manufacturing which is true for a lot of the world but they still have a robust domestic economy n. T. And the government is also doing a lot theyre cutting taxes they are softening credit standards they are doing a lot of Public Investment so i think the Chinese State is ready and able to cushion any private sector downturn so you reckon the Chinese State is in control the World Economy is going to continue just i think it is ignoring the long yeah i mean it is of course the gross a softening compared to last year but we will still have growth and although chinese closes now i think the lowest in the last 10 years or somet
Twelve other locations are on our website and at the bottom of our screen. You can also make a donation by calling the number on your screen or text feed cafb to 85944. Well be checking in all morning to see how things are going. I sure hope they have the scarf and the heavy coat on, gwen went. They will need it to start the day. Absolutely will. Definitely. Weve got some clouds outside and some fog to talk about as well. If you are venturing out anywhere on the highways and biways, just be careful. Visibility certainly reduced. Yesterday, we talked about how we would be below seasonal compared to how wave been above seasonal. Reagan National Airport kicked in at 44 degrees. Dulles at 45 and b wait a minute Thurgood Marshall at 42 degrees. Current temperatures at Reagan National is 40. 4degrees at bwi Thurgood Marshall. The winds are light as well today. Not a lot happening there. If i were a cloud salesman, i would be very rich today. We have plenty of clouds out there. Not a lot of s
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