Friday

29th Mar 2024

Ticker

German manufacturers confirm fear of recession

The German manufacturing industry has expressed concern of a looming economic recession in Germany, as demand is decreasing sharply, according to Bloomberg. Orders are at their lowest level in six years time. Some analysts say that the reason is the shrinking demand from China, rather than a German domestic decline. The German economy shrank in the second quarter of 2019, adding to fears of a global recession.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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