Experts say Germany's struggling car industry won't see a significant rebound any time soon.
Supplied
Germany's export-oriented car industry will not see a significant recovery from its current slowdown, the chief economist of Germany's Ifo institute said on Thursday. Germany's export dynamic is very weak, Klaus Wohlrabe said as the institute's business climate index, a key indicator of the economic sentiment in Europe's biggest economy, fell more than expected in May.
Wohlrabe said he did not expect the European Central Bank to intervene with stimulus measures, but there would be a political discussion in Germany on how to bring the economy back up to speed after the EU elections.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German women’s national soccer team addresses sexism in brilliant video ahead of 2019 FIFA Women's World CupGerman women’s national soccer team addresses sexism in brilliant video ahead of 2019 FIFA Women's World Cup | W24_SA
Read more »
Germany to return 15th-century seafarer cross to NamibiaNamibia in 2017 demanded the restitution of the cross, which stands 3.5 metres (11 feet) tall and weighs 1.1 tonnes.
Read more »
Germany to return 15th-century seafarer Cross to NamibiaPlaced in 1486 on the western coast of what is today Namibia, the Stone Cross was once considered to be such an important navigation marker that it featured on old world maps.
Read more »
Germany to pay €10,000 to each victim of Nazi paedophile sectA German government report says sect leader Paul Schaefer ‘abused countless children and actively collaborated with Pinochet dictatorship henchmen on torture, murder and disappearance’
Read more »
DA MP gets backlash for moaning about ANC and EFF MPs singing struggle songsBelinda Bozzoli claimed 'non literate forms seem to matter more than clever words and well crafted arguments'.
Read more »
SBV launches cash-in-transit industry hotlineThis provides a forum for the public, community groups, and security companies to report CIT incidents.
Read more »
US garlic growers profit from trade war as most farmers struggleUnlike millions of other US farmers, garlic growers are profiting from the trade war with China.
Read more »
The fossil fuel industry is killing our futureSouth Africa is one of the most unequal societies in the world. This inequality emerges strongly in the face of inescapable natural disasters and adverse weather events brought about by a changing climate. Read this open letter.
Read more »
Miss Pru showing some love and opening the industry“It’s a track about finding love in a relationship or love in a friendship or the love in a family. It’s just basically a track about love.” | ThangoSays
Read more »