Timothy Sumer

Germany is in recession. Revised figures for the first quarter show the German economy shrank by 0.3 percent. That followed another quarter of falling GDP at the end of last year, meeting the criteria for a technical recession. A big reason seems to be the failure of private consumption to support the economy in the face of high inflation rates. A mild winter meant Germany avoided what could have been an even deeper recession. DW speaks to Veronika Grimm of the German Council of Economic Experts and Armando Garcia Schmidt of the Bertelsmann Foundation. Subscribe: For more news go to: Follow DW on social media: ►Facebook: ►Twitter: ►Instagram: ►Twitch: Für Videos in deutscher Sprache besuchen Sie: #Germany #Economy #Recession... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Write an article about Germany slips into recession: Why is the ...

For a decade, China's ambitious Belt and Road Initiative has been a prominent lever of its trade and foreign policies: By funding major infrastructure projects around the world, Beijing can help its own companies and improve relations with countries far and wide. A new study reveals that China has been spending hundreds of billions of dollars to bail out the countries involved in the Belt and Road infrastructure initiative. The study shows China's loans are issued to save its own banks. China is tightening its financial grip on developing countries through its Belt and Road Initiative. Beijing has issued hundreds of billion dollars worth of rescue loans to bailout countries that have struggled to repay loans spent building "Belt and Road" infrastructure, according to a new study by the World Bank, Harvard Kennedy School, AidData and the Kiel Institute for the World Economy. Subscribe: For more news go to: Follow DW on social media: ►Facebook: ►Twitter: ...

The German government is vowing rapid cash-assistance for small- and mid-size companies facing massive energy-bills this winter. The German economy-minister meeting today with industry groups from across the country. They've been pressuring Berlin for help as energy-prices soar to record-heights and leave them unable to pass costs along to consumers. Some firms are already lowering production. Industry-leaders are meanwhile warning of growing insolvencies. Economists are now projecting a 'winter recession' for Germany saying the economy will contract in 2023. Recent figures are already drawing an increasingly grim outlook: New data confirms an annual inflation rate of almost 8-percent in August. Higher prices cut into purchasing power making it difficult for consumers to afford the same things they could a year prior. Soaring energy-costs are driving that inflation led by natural gas: The European benchmark is now three-quarters more expensive than it was this tim...

Strategic Wealth Partners CEO Mark Tepper and Fox News contributor Richard Fowler weigh in on the 'meltdown' leading up to the collapse of Silicon Valley Bank and Signature Bank on 'WSJ at Large.' Subscribe to Fox Business! Watch more Fox Business Video: Watch Fox Business Network Live: FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C. Follow Fox Business on Facebook: Follow Fox Business on Twitter: Follow Fo...

The global economy is at an inflection point. The IMF projects that a third of the world economy will be in recession next year. War in Europe, a slowdown in China and soaring inflation have contributed to widespread pessimism around a growing, multifaceted economic crisis. In this episode, we will untangle the threads of the looming global recession. By comparing the current state of the global economy to the 2008 financial crisis, we will be exploring what makes this downturn different. Chapters 00:00 Intro 01:19 What’s a recession 03:13 Recap of the 2008 crisis 04:47 Supply crisis 06:23 Inflation 08:49 Hiking interest rates 10:58 Strong labour market 13:15 China’s Zero Covid policy 17:43 Countries bucking the trend 20:06 Conclusion Subscribe: For more news go to: Follow DW on social media: ►Facebook: ►Twitter: ►Instagram: ►Twitch: Für Videos in deutscher Sprache besuchen Sie: #recession #inflation #economy... ( read more ) BREAKING: Recession News LEA...

The collapse of two American banks is sending shock waves around the world.. and putting pressure on markets. Investors are worried about a contagion effect beyond the US. Asian shares are seeing steep losses on Tuesday and European banking stocks suffered their biggest drop in a year. US President Biden sought to reassure depositors on Monday - insisting he will provide for the safety of the banking system. Meanwhile, however, ratings agency Moody's downgraded the debt ratings of collapsed Signature Bank deep into junk territory. Moody's also placed the ratings of six other U.S. banks under review for a downgrade. Subscribe: For more news go to: Follow DW on social media: ►Facebook: ►Twitter: ►Instagram: ►Twitch: Für Videos in deutscher Sprache besuchen Sie: #Bankcollapse #USA #businessnews... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST I...

Stock markets in Europe suffered their biggest losses of the year on Monday, as the shock waves from a major bank collapse in the US spread around the globe. On Friday, the Silicon Valley Bank, a regional, obscure bank tanked after it spooked customers with plans to sell its own shares to cover losses. In the span of 48 hours the fear of contagion forced US banking regulators to shut down another bank, the New York based Signature Bank on Sunday. The speed of social media plus the cryptic impact of crytocurrencies were both factors in the government intervention. On Monday, trading in some banking shares was temporarily halted on Wall Street. And US President Joe Biden attempted to reassure the public that this is not another financial crisis in the making. So what is it then? Subscribe: For more news go to: Follow DW on social media: ►Facebook: ►Twitter: ►Instagram: ►Twitch: Für Videos in deutscher Sprache besuchen Sie: #SVB #BankFailure #JoeBiden... ( read more ...

Nations should focus on "living wages" as they approach difficult economic times, says Nela Richardson, chief economist at the ADP Research Institute. She speaks with Deutsche Well from the WEF meetings in Davos, Switzerland. Subscribe: For more news go to: Follow DW on social media: ►Facebook: ►Twitter: ►Instagram: ►Twitch: Für Videos in deutscher Sprache besuchen Sie: #WEF2023 #worldeconomicforum #livingwages... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/economist-nela-richardson-on-global-growth-inflation-and-living-wages-wef-2023/?feed_id=66480&_unique_id=63da56965bdf6 #Inflation #Retirement #GoldIRA #Wealth #Investing #ADPResearch #costofliving #Davos #DWNews #economy #inflation #livingwages #Wages #worldeconomicforum #InvestDuringInflation #ADPR...