The sick man of Europe? Don’t write Germany off
While the challenges facing the world’s fourth-largest economy are real, many have rather lost sight of Germany’s strengths.
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While the challenges facing the world’s fourth-largest economy are real, many have rather lost sight of Germany’s strengths.
Bureaucracy and too much red tape have led to an exodus of major manufacturers.
The German economy may be struggling because of the dip in world trade but it won’t be long before it’s back centre stage.
Six of the top ten exports markets for UK goods are still in the EU, according to the new data.
The big question now is whether the Bank of England will go ahead with another interest rate hike at its next meeting in September, bringing the rate to 5.5 per cent.
Neil and Jonathan talk to Peter Wells, Director of the Centre for Automotive Industry Research at Cardiff University about the scale of the problem and what can be done.
Expect this to worsen as the inventory cycle turns.
With global manufacturing in crisis, economies are dangerously reliant on consumer spending.
The bulk of the shortfall comes from online shopping and the government sector.
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