Saturday 14 December 2019 ,
Latest News
Stay alert about traitors, killers: PM | PM greets Johnson; seeks support for Rohingya repatriation | No rape evidence found,say doctors | Daily Sangram editor remanded for 3 days | US, UK warn on travel to NE India after clashes | Action against Sangram for calling war criminal a ‘martyr’: Quader | 2 killed in Cox’s Bazar ‘gunfight’ | President, PM pay tributes to martyred intellectuals | Dhaka’s nights hotter than surrounding areas | Chattogram register 2nd win beating Rangpur by 6 wickets |
20 November, 2019 00:00 00 AM

Print

German industry sees deep slump in 2019

AFP, Frankfurt

Germany's powerful BDI industry federation said yesterday that manufacturing firms are in a deep recession, forecasting that output will fall by four per cent year-on-year in 2019.

"After six years of growth, German industry has been in a recession since the third quarter of 2018," BDI director Joachim Lang said.

Industrial output is falling around the world, the industry body noted, while growth in German exports is expected to fall from 2.1 per cent last year to 0.5 per cent this year -- its slowest pace since 2009.

Worldwide, exports are expected to fall by 0.5 per cent this year, the BDI said citing a Dutch government study.

German industry is struggling both with political developments, including the US' trade wars with China and the European Union, and with structural changes like the vital car industry's adjustment to building electric and hybrid vehicles.

In the first nine months of 2019, car production fell more than 10 per cent -- "resulting from weak global demand and the structural transformation in the auto industry," the BDI said.

 

.

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 47.3%
No 48.7%
No Comment 4.1%
Most Viewed
E-Paper

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting