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IMF Downgrades Global Growth Forecasts
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The International Monetary Fund reduced its forecast for global growth for 2018 and 2019 during its October World Economic Outlook report. Having previously forecast global growth of 3.9% for both years, the IMF has now revised this down to 3.7% for both 2018 and 2019. Factors including the effect of the US-China trade tariffs imposed on imports plus weakening economic performance by the Eurozone, Britain and Japan were cited as significant reasons behind the growth downgrade. 

 

Politics and Trade Wars 

The effects of the emerging US-China trade war are expected to be seen...

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Analysis
The German-Chinese Trade Quagmire
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Germany has been Europe’s leading economic pillar in the recent years. One of its essential revenue sources is its trade partnership with China. In the past few years, for instance, it sold millions of vehicles to China making it the top car exporter from the region. One of Germany’s influential firms is the Bauer Group, an engineering and construction company that has invested heavily in China. Recently, with the new rule of China’s president Xi Jinping, the honeymoon seems to be over. Deutschland AG advised on the need for any German investor seeking to invest in...

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Analysis
How Brexit Has Affected Exports in Britain
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The Brexit vote in 2016 saw a mix of reaction from economists about the aftermath of the referendum on trade in the UK. Many predicted an economic downfall for the UK. However, according to the data provided by Office for National Statistics (ONS), Britain exports have continued to increase over the few months after Brexit. The data compares trade activities in the whole year after Brexit.

 

Trading with non-EU countries

Brexit offers a chance for Britain to intensify trade with non-EU countries such as USA, India, China and the developing countries. Its trade with non-EU countries has...

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Analysis
Italy's Economy Recovers Despite Underlying Problems
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With forecasts of 1.5% GDP growth for the year, Italy's economy continues its gradual recovery after many years of struggle. The country saw a loss of around 9% of its GDP between 2008 to 2013 during the financial crisis. However, recent figures show a 0.4% reduction in unemployment as business confidence grows and Italy benefits from the general economic improvement across Europe. Yet for all the positive signs, structural issues still remain in the economy, which along with future political elections could have a negative impact.

 

Underlying Problems Remain

Italy's economy...

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