Recession risks rise for Germany as industrial orders plunge – Reuters


Weaker demand from abroad drove a bigger-than-expected drop in German industrial orders in July, suggesting that struggling manufacturers could tip Europe’s biggest economy into a recession in the third quarter.

Germany’s export-reliant economy is suffering from slower global growth and business uncertainty caused by U.S. President Donald Trump’s ‘America First’ trade policies and Britain’s planned, but delayed, exit from the European Union.

Source: Recession risks rise for Germany as industrial orders plunge – Reuters

READ  The tactics Hong Kong protesters use to fortify the front lines

Leave a Reply

Your email address will not be published. Required fields are marked *