News

Europe’s largest economy on the brink of recession

Published

2 years ago

December 15, 2021

William Howard

Germany is on the brink of recession following a winter of supply chain bottlenecks and surging Covid cases

The economy will shrink by 0.5 percent in the fourth quarter of this year, when compared with the three months of 2022.

An economy is officially in recession when it contracts for two consecutive quarters, with the expected strong post-pandemic recovery still not occurring.

Despite this news, growth is expected to peak once again next summer, provided Covid cases fall and supply chain issues ease… but the slow start to the year will undoubtedly hurt the nation.

Munich’s Institute for Economic Research expects inflation to increase by 3.1 percent this year and 3.3% in 2022, which are rates that far exceed the European Central Bank’s target of 2 percent.

In addition to this, consumer prices will not return to normal until 2023.

Last week, Germany recorded its highest daily increase in Covid deaths from Covid-19 since February.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

News

Boeing’s bad luck continues following Starliner malfunction

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May 7, 2024

Nathan Langridge

Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

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Will Australia’s foreign investment rule create an economic boost?

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May 7, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

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News

Is Russia planning a sabotage across Europe?

Published

4 hours ago

May 7, 2024

Nathan Langridge

Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

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