It's a pretty rosy outlook overall. Despite growing fears of a global trade war, German economic growth is expected to remain robust.
Amid a trade war with the United States, Beijing has reported its slowest growth rate in nearly three decades. Experts say China will need to pass economic reforms to counter the problem.
"The German economy rises and falls with China." Bankers are generally not known for their hyperbole, but the words of Jörg Krämer of Commerzbank, speak to a truth that appears increasingly evident.
The Economy Ministry has reported a 23 percent downfall in arms exports approvals in 2018, one of the biggest in years. A moratorium on all arms exports to Saudi Arabia was a major factor in the significant decline.
Globalization needs a serious update; otherwise, we're all doomed. So says the World Economic Forum — which brought us the earlier, defective versions.
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