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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 mea ....
Limit of sixty percent and the second highest in europe after greece. i mean while in the united states the budget is also under the microscope there with the country s budget deficit jumping considerably in october we can bring in our financial correspondent sophie szymanski for more on this now sophie tell us how all the numbers are looking. big helena these are big numbers the biggest since two thousand and twelve actually as the u.s. budget charge is looming fueled by trends tax cuts and spending hikes spending grew rapidly twice actually as fast as revenue president sake a look at the new number here for the month of october we re talking about a one hundred billion dollars budget deficit and this marks an increase of about sixty percent from a year earlier the deficit will widen from around sixty billion dollars in the same month last year the part of the department said in and statement our job or marks ....