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BBCNEWS World July 6, 2024

because the eurozone s largest economy is now officially in recession. germany has had two consecutive quarters of negative growth. the country s economy contracted by 0.3% between january and march. this follows a contraction of 0.5% in the final three months of 2022. a drop in consumer spending was main cause of germany s disappointing performance in the first quarter, with household consumption falling by 1.2%, as the cost of living crisis continued to cause headaches for millions of people. joining me now is christian schulz deputy chief european economist at citi bank. thank you for being with us. perhaps no great surprise for those who watch those numbers, but it is symbolically important that what was once was a powerhouse economy is now technically in recession. technically in recession. indeed. germany s - technically in recession. indeed. germany s. .. they ve technically in recession. indeed. germany s. .. they ve had - technically in recession. indeed ....

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BBCNEWS World Business Report June 4, 2024 13:34:00

Already and people restraining spending? and, how do these two headwinds and tailwinds overlap each other? what we expect is that, temporarily, growth will strengthen as people have more money in their pockets, but in 2024, that will reverse and potentially lead to another recession in 2024 hrs for high interest rates bear down on investment and construction in other parts of the economy. ﬁts investment and construction in other parts of the economy. parts of the economy. as always, lovel to parts of the economy. as always, lovely to speak parts of the economy. as always, lovely to speak to parts of the economy. as always, lovely to speak to you. there s another trade row brewing between the us and china, after microsoft and western intelligence agencies accused beijing of using a hacking group to spy on a wide range of us businesses and critical organisations. telecoms and transportation were two of the industries targetted. of the industries targeted. however, china responde ....

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