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Olaf Scholz - 1 Germany's - 1 Krisztian Bocsi - 1 Donald Trump's - 1 Moritz Schularick - 1 Trump - 1 Schularick - 1 ifo - 1
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Search resuls for: "Lisandra Flach"


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☆ Trump victory deals latest severe blow to a struggling Germany
  + stars: | 2024-11-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +3 min
Krisztian Bocsi | Bloomberg | Getty ImagesDonald Trump's election as U.S. President could mark yet another major blow for the struggling German economy. The print came after the German economy ministry in October said it was now expecting the country's economy will contract, rather than grow this year. Trump's victory could make matters worse. Reliance on exportsThe German economy is heavily reliant on exports — and Trump is set to slap tariffs and other restrictions on imports. The German statistics office Destatis last month said that the U.S.' importance as a trading partner for Germany has been growing.
Persons: Olaf Scholz, Germany's, Krisztian Bocsi, Donald Trump's, Moritz Schularick, Trump, Schularick, ifo, Morningstar DBRS, Lisandra Flach Organizations: Bloomberg, Getty, PMI, P Global, Hamburg Commercial Bank, Kiel Institute, Trump, Reliance, China, Beijing, Destatis, ifo Center, International Economics, European Union, EU Locations: Berlin, Germany, Federal Republic of Germany, Europe, U.S
☆ Germany’s leader and top CEOs are flying into Beijing. They need China more than ever
  + stars: | 2022-11-03 | by ( Michelle Toh Anna Cooban | Michelle Toh | Anna Cooban | ) edition.cnn.com   time to read: +11 min
The visit — the first by a G7 leader to China in roughly three years — comes as Germany slides towards recession. A spokesperson for Hamburger Hafen und Logistik (HHLA), the company operating the port terminal, told CNN Business on Thursday that it was still negotiating the deal with Cosco. “The restrictions are suffocating economic growth and heavily impact China’s attractiveness as a destination for foreign direct investment,” he told CNN Business. The ministry did not respond to a request for comment from CNN Business. He predicted that “the large majority will stay committed to the Chinese market and is expecting to expand their business.”Companies appear to be toeing that line.
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