Germany’s business confidence hits five-year low

Ifo economist says the trade conflict between the US and China is the main source of uncertainty for German businessesBerlin — German business morale fell to its lowest level since November 2014 in June, a survey showed on Monday, adding weight to expectations that Europe’s largest economy contracted in the second quarter.

After nine successive years of growth, the German economy is struggling as trade disputes and a cooling world economy hurt its export-dependent manufacturers and as Britain’s delayed exit from the EU creates uncertainties. That suggested the slump in the headline reading to levels not seen since the eurozone debt crisis was driven by concerns that trade conflicts between the US and both China and the EU could worsen and further dampen exports.

Higher government spending has also helped support growth but critics of Chancellor Angela Merkel’s right-left coalition say it could borrow money to add more impetus. Business lobby groups have urged Merkel to cut corporate taxes and some economists accuse her of being complacent about the economy.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Business Maverick: Monday, July 24: Five Things You Need to Know to Start Your DaySanctions on Iran, a blow to Turkey’s Erdogan, and a mixed start seen for markets. Here are some of the things people in markets are talking about today.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Business Maverick: June 25: Five Things You Need to Know to Start Your DayTrump sanctions Iran's supreme leader in a provocative move. Asian equity futures are poised to fall after U.S. stocks stall. And SpaceX will try to pull off its most ambitious launch yet. Here are some of the things people in markets are talking about today.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Group Five’s chair resigns amid business rescue processChair Nonyameko Mandindi and three non-executive directors are leaving the embattled construction company
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

SA needs a big business boost, but just how pro-business is Cyril?Some of his Sona speech sounded decidedly pro-market, but there was a whiff of the developmental state To me cyril is more for big businesses small businesses dont seem to be on his agenda Lets be absolutely open and frank. The ANC should never be in government because they are destroyers instead of being builders. Since 1994 together with their SACP parasites and hyena trade unions have shut down thousands of viable factories on the instruction of China
Источник: SundayTimesZA - 🏆 47. / 51 Прочитайте больше »

BUSINESS MAVERICK: Sad end to talc mine illustrates SA’s small business crisisIn his hour-long State of the Nation Address on Thursday, President Cyril Ramaphosa referred to small businesses only twice. In supporting small businesses, he said the government wants to create an enabling operating environment by reducing the cost of doing business and regulatory compliance. However, his promises fell on sceptical ears. This is soo 😢 peterthomas661 More andmore businesses will close; unemployment will skyrocket. That is the benefit the unions bring their members, and the unwilling passe gers, the non-members
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »