video Finance Videos
Germany on the slow train
Tuesday, October 07, 2014 - 01:20
German industrial output posts biggest drop since height of global financial crisis in early 2009. As Ciara Lee reports the latest figures, plus the IMF's downgrade of the country's growth outlook, raises questions about the strength of Europe's largest economy.
▲ Hide Transcript
▶ View Transcript
Commuters brace for another strike - and this isn't France - it's Germany. Trains driver are staging a 9 hour stoppage. The GDL union is seeking a 5 percent pay rise and a shorter working week. It's not proving a great week for Germany. A second day of weak data sent European markets into retreat. This time it was industrial output - down 4 percent in August, mirroring Monday's biggest fall in five years for industrial orders. . The German economy and particularly its factories have been bruised by sanctions against Russia. Standard Chartered's Sarah Hewin says the data is cause for concern. (SOUNDBITE) (English) STANDARD CHARTERED SENIOR ECONOMIST, SARAH HEWIN, SAYING: "As long as that cease fire holds we hope that business confidence will return. And of course German exporters are going to be benefitting from the weaker euro. I don't think we can expect the government to step in any time soon with some sort of fiscal stimulus because there seems to be broad opposition from the government and indeed across German society." The timing of the German school holidays can shoulder some of the blame for the worse than expected data. But it still mounts up to an economy that is losing steam and could fall into recession. Combine that with a slow down in many of Germany's neighbours - and the euro zone has good reason to be nervous.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Germany on the slow train
Tuesday, October 07, 2014 - 01:20
Top News »
Tue, 24 Apr, 2018 - (1:07)
Tue, 24 Apr, 2018 - (0:37)
Tue, 24 Apr, 2018 - (1:43)
Tue, 24 Apr, 2018 - (1:54)
Tue, 24 Apr, 2018 - (1:24)
Tue, 24 Apr, 2018 - (1:51)
Tue, 24 Apr, 2018 - (1:29)
Mon, 23 Apr, 2018 - (0:56)
Mon, 23 Apr, 2018 - (0:52)
Mon, 23 Apr, 2018 - (1:12)
Mon, 23 Apr, 2018 - (1:56)
Mon, 23 Apr, 2018 - (0:45)
Editors' Picks »
Tue, 24 Apr, 2018 - (2:00)
Tue, 24 Apr, 2018 - (1:36)
Fri, 20 Apr, 2018 - (1:24)
Fri, 20 Apr, 2018 - (2:04)
Thu, 19 Apr, 2018 - (0:57)
Thu, 19 Apr, 2018 - (1:45)
Tue, 17 Apr, 2018 - (2:44)
Tue, 17 Apr, 2018 - (2:15)
Mon, 16 Apr, 2018 - (1:59)
Most Popular »
Wed, 08 Mar, 2017 - (1:31)
Tue, 11 Dec, 2012 - (2:11)
Fri, 09 Aug, 2013 - (4:14)
Wed, 26 Jul, 2017 - (1:48)
Business »
Tue, 24 Apr, 2018 - (1:57)
Tue, 24 Apr, 2018 - (1:19)
Tue, 24 Apr, 2018 - (0:50)
Tue, 24 Apr, 2018 - (4:54)
Tue, 24 Apr, 2018 - (0:50)
Tue, 24 Apr, 2018 - (1:03)
Tue, 24 Apr, 2018 - (4:39)
Tue, 24 Apr, 2018 - (0:58)
Tue, 24 Apr, 2018 - (1:50)
Tue, 24 Apr, 2018 - (2:24)
Tue, 24 Apr, 2018 - (1:09)
Tue, 24 Apr, 2018 - (1:50)
Featured Videos
UK royals Kate and William have baby boy
It's a boy. Britain's Duchess of Cambridge has given birth to her third child, and second son, with husband Prince William
Aussie pilot Hall soars to victory in Cannes
Australian pilot Matt Hall claims victory in the second leg of the Red Bull Air Race world championship in Cannes, France
Luxury liner Queen Elizabeth II reopens as floating hotel
One of the world's most famous ships is now a floating hotel permanently moored at Dubai's Mina Rashid port
World Toad in the Hole Championships
The aim of the traditional pub game originating from France is to land as many large brass coins or 'toads' in a table's small hole
Tarantula burgers on the menu
For adventurous diners, tarantula topped burgers are available at a Durham, North Carolina restaurant as part of its ‘exotic meat’ month
Technology »
Tue, 24 Apr, 2018 - (2:13)
Tue, 24 Apr, 2018 - (1:48)
Mon, 23 Apr, 2018 - (1:55)
Sun, 22 Apr, 2018 - (1:30)
Fri, 20 Apr, 2018 - (1:50)
Thu, 19 Apr, 2018 - (1:54)
Thu, 19 Apr, 2018 - (0:46)
Wed, 18 Apr, 2018 - (1:03)
Entertainment »
Tue, 24 Apr, 2018 - (1:38)
Tue, 24 Apr, 2018 - (1:51)
Tue, 24 Apr, 2018 - (1:18)
Tue, 24 Apr, 2018 - (1:25)
Tue, 24 Apr, 2018 - (2:02)
Mon, 23 Apr, 2018 - (1:28)
Mon, 23 Apr, 2018 - (1:39)
Mon, 23 Apr, 2018 - (2:11)
Mon, 23 Apr, 2018 - (1:50)
Mon, 23 Apr, 2018 - (0:39)
Sports And Leisure »
Tue, 24 Apr, 2018 - (0:47)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (2:38)
Mon, 23 Apr, 2018 - (1:27)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (1:30)
Mon, 23 Apr, 2018 - (1:40)
Mon, 23 Apr, 2018 - (1:07)
Fri, 20 Apr, 2018 - (1:08)
Thu, 19 Apr, 2018 - (2:22)
Oddly Enough »
Mon, 23 Apr, 2018 - (0:45)
Fri, 20 Apr, 2018 - (1:00)
Fri, 20 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (0:53)
Tue, 17 Apr, 2018 - (1:33)
Tue, 17 Apr, 2018 - (1:27)
Thu, 12 Apr, 2018 - (0:49)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Thu, 30 Nov, 2017 - (2:14)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)