Hot Brendan Keenan's "Bleak Omens" for Europe!

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Tadhg Gaelach

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German industrial orders post strongest drop in seven months


BERLIN (Reuters) - German industrial orders posted their biggest drop in seven months in January, a further sign that Europe’s largest economy had a subdued start to 2019.

 

Tadhg Gaelach

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Auto woes drive dip in German industrial output as Brexit nears


BERLIN (Reuters) - Plunging car output drove an unexpected drop in production of German goods in January and an industry body cut its 2019 growth forecast, adding to signs that trade tensions and unease about Brexit are weighing on Europe’s largest economy.

A global slowdown, tariff disputes sparked by U.S. President Donald Trump’s ‘America First’ policies and a potentially chaotic British departure from the EU threaten to bring a decade-long expansion in export-reliant Germany to an end.

The same factors are impacting the rest of the European Union, and Monday’s data added weight to a dovish policy shift by the European Central Bank last week as safe-haven bonds rose.

 
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