Stocks Slump, Driver's Seat
China's exports fell sharply in December. Investment decreased, and the growth forecast for 2019 was lowered. But this is less a problem for China than it could be for Germany, DW's Frank Sieren writes.
The president wrote that the Fed is "the only problem our economy has." Wall Street stocks plunged for a fourth straight session despite Treasury Secretary Steven Mnuchin's efforts to reassure investors.
Global trade spats, rising interest rates and Brexit uncertainty have helped most stock indices to their worst year in a decade. Recession fears for 2019 could mean more significant drops, especially for tech stocks.
Invited by the US administration, three German car bosses went to Washington — an unusual move. The upshot is that, if anything, there's probably more understanding now for each other's positions, say DW's Henrik Böhme.
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