Mudcat Café message #4024218 The Mudcat Café TM
Thread #165570   Message #4024218
Posted By: Iains
17-Dec-19 - 11:57 AM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
Germany's Central Bank said in a report Monday that Europe's biggest economy will likely stagnate in the fourth quarter of 2019 as the country faced a decline in factory orders and industrial production in October.

"German economic output could stagnate in the final quarter of 2019," the Bundesbank wrote in its monthly report.

The ongoing U.S.-China trade war has hurt German industry, with the German economy heavily relying on exports to China. German automobile manufacturers have had trouble selling their vehicles in the Chinese market amid trade tensions.

Germany is also worried about the prospect of the U.K. leaving the European Union without a deal, known as a hard Brexit. A report in February suggested that 100,000 German jobs are at risk due to a hard Brexit.

That news will likely change the EU stance on brexit negotiations,especially as the recent election thinned out the treacherous remainiacs from the Tory party.