Germany Just About Avoided a Recession Last Year, Says TS Lombard’s Singh

4
7.1

Published -

Jul.26 — Shweta Singh, global macro managing director at TS Lombard, discusses Germany’s economy and manufacturing sector.

She speak son “Bloomberg Markets: European Open.”

What challenges does Germany need to address to ensure sustained and healthy economic growth in the future?

The German economy narrowly escaped recession in 2019, according to a report by TS Lombard’s Chief Economist, Shweta Singh. While the economy saw a slight quarter-on-quarter growth of 0.1% in Q4, the year overall saw a mere 0.6% growth in GDP.

The German economic slowdown can be attributed to several factors, including the US-China trade war, Brexit uncertainty, a slowdown in the Chinese economy, and a slump in the country’s key automotive sector. Singh notes that Germany’s reliance on exports has made it particularly vulnerable to external shocks.

However, Singh also suggests that the German government’s reluctance to implement fiscal stimulus measures to support economic growth has also played a role in the country’s sluggish performance. Unlike the governments of other major economies, such as the US and China, the German government has been hesitant to employ fiscal measures to boost infrastructure spending, instead opting for stricter budgetary policies.

Despite this, there are some positive signs for the German economy. The report notes that the country’s labor market remains robust, with unemployment at its lowest level in almost 30 years. There is also potential for growth in the renewable energy sector, as Germany has committed to phasing out nuclear power and coal.

Looking ahead, Singh suggests that the German economy may see a slight uptick in growth in 2020, provided there is a resolution to the US-China trade war and no further disruptions to global trade. However, she also notes that there are still several challenges that Germany must face, including the rise of automation and digitalization, which could mean the loss of jobs in traditionally strong sectors such as manufacturing.

The report concludes that, while Germany may have narrowly avoided recession in 2019, the country must address these challenges and embrace long-term structural reforms in order to ensure sustained and healthy economic growth in the future.

7.1 Total Score

User Rating: 3.53 (15 votes)
Read More
Filter by
Post Page
Trending TV Trending Now News Trending Music Health News Trending Movies
Sort by

Peter Confronts Victoria After Hometown Warning | The Bachelor

After receiving a warning from an ex-girlfriend, Peter confronts Victoria about the hometown rumors.

1

Disturbing Details About Terrence Howard Are Now In The Open

Terrence Howard has a long history of portraying unsavory characters on the big and small screens.

1

China reports fourth plague case in a month

Could the plague spread to the U.S.? Fox News medical correspondent Dr. Marc Siegel reacts.

1

Hong Kong police use rubber bullets on protesters | Times News

Hong Kong police fired tear gas and rubber bullets at anti-government protesters. It was a second

1

Dubai: Expectation vs reality – BBC News

Dubai – perhaps the best known city of the United Arab Emirates And it has a reputation for attracting the g

1

The Criminal Minds Character That Fans Tried To Petition Off The Show

The Criminal Minds Character That Fans Tried To Petition Off The Show

“Criminal Minds” is a series with some dedicated fans. It would have to be, to still be going

1

Why Taylor Lautner Got Blacklisted By Hollywood

Taylor Lautner, a hotty Jacob from Twilight – but is it all we can say about this actor? How did his c

1

Cardi B – Press [Official Music Video]

Cardi B – Music Video Cardi B –

1

Kim Kardashian: The Truth Of How Kim K Became World Famous

Kim Kardashian has taken over the world and there’s no arguing that… But how did this celebrity icon b

1

How To Master 5 Basic Cooking Skills – Gordon Ramsay

We’ve compiled five previous videos into one, helping you to master your basic skills in the kitchen.

1

Long Haired Businessmen Video Conference with Will Ferrell and Will Forte

Social distancing won’t stop The businessmen are getting everyone looped in and circling the wagons. L

1

Germany’s Oldest Street-Legal Car | 1894 Benz Victoria

Germany is famous for cars. So it’s not really surprising that the oldest street-legal car in the world is a

10

How a Tranquilizer Dart Works in Slow Motion

Gav and Dan learn about tranquilizer dart physics using slow mo as a helpful tool. Don’t try this at

1

Japan’s Master Inventor Has Over 3,500 Patents

His best thinking happens during the third movement of Beethoven’s Fifth, in a gold-plated room and when he’s mere m

1

Tiny House With Net Loft For Young Couple

“Designed to fit into a tight spot in a suburban location, this tiny house even has a detachable drawbar to

1

Two Weeks Under the Sea

Under the Sea Aquanauts study the health of marine

1

How This Woman Started Diving in DIY Submarines

Marine biologist Shanee Stopnitzky is on a mission to spend as much time under the ocean’s surface as

1

Why Sea Cucumbers Are So Expensive?

While ordinary vegetable cucumbers cost $3 per kilo, sea cucumbers can cost over $3,000 per kilo. These

1

A Hidden Restaurant Inside an NYC Russian Bathhouse

The Russian & Turkish Bath House in NYC’s East Village has been around since 1892 – longer than The Empire Sta

1

Inside Italy’s $1 Billion Marble Mountains

A slab of Carrara marble can cost up to $400 per square meter. The luxury stone comes the Apuan Alps, a

1

wow-is-this-an-axe-or-a-laser-beam?

I have kept this axe head for years. I knew it would be a killer wood splitter. I was right.

1

A Day In The Life Of A Urine Drinker

Troy Casey, aka “The Certified Health Nut,” is a living legend and we had so much fun spending the day

1

The Oldest Fast Food Restaurant in London’s East End

Meet owner Joe Cooke, great-grandson of Robert Cooke, who opened London’s first pie shop in 1862. Joe s

1

Advanced Search Options You need to enter a YouTube API key for this to function!
InfoSearched | Trending Research and Information
Logo