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Europe’s largest economy on the brink of recession

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3 years ago

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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 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.

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‘Rust’ will premiere at the Polish film festival, three years after fatal incident

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3 days ago

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October 4, 2024

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The controversial film ‘Rust’, plagued by tragedy since 2021’s fatal on-set shooting involving Alec Baldwin, is finally set to premiere in Europe.

The movie faced extensive delays and legal challenges following the tragic incident that resulted in the death of cinematographer Halyna Hutchins.

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Biden is “discussing” support for Israel over Iran oil strike

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3 days ago

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October 4, 2024

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The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Israel weighs response to Iran, Biden says he would not back nuclear site strikes

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3 days ago

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October 4, 2024

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After Iran’s unprecedented attack on Israel–the country is weighing its response.

Tensions in the Middle East are surging after Iran launched a missile attack on Israel, marking a significant escalation in the region’s ongoing conflict.

This development has raised concerns about broader military confrontations, with global powers closely monitoring the situation.

The attack has intensified fears of a wider regional war, as Israel responds with its own military actions.

Ruthie Blum, a former adviser at the office of Israeli Prime Minister Benjamin Netanyahu, a senior contributing editor at JNS, and the co-host of “Israel Undiplomatic” on JNS TV joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #Israel #Iran #nuclerar #MiddleEast #Israelatwar

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