Live
- Tech Mahindra shares jump more than 8 per cent on turnaround strategy
- Long queues outside polling booths in Jammu-Reasi LS constituency
- Indian startups file 83,000 patents in FY23; AI, neurotechnology lead
- 31.77 pc polling in Maharashtra's 8 seats till 1 p.m.
- Ukrainian minister remanded in custody after corruption allegations
- Revanth Reddy counters Harish Rao's resignation episode, says it is not in speaker format
- South Korean health officials call for vaccine over spike in whooping cough cases
- Priyanka talks about her docu ‘Womb’: Rallying call to action for women
- Court extends Manish Sisodia's judicial custody till May 8 in ED case
- Captivating performance by disciples of Guru Ananda Shankar Jayant
US-China trade war leaves Europe as collateral damage
The bill for damages from the U.S-China collision could be painfully high, starting this week if new growth figures on Wednesday show that Europe's economic motor, Germany, is stalled or shrinking.
FRANKFURT: Like a sleek Mercedes crunched between two freight trucks, Europe's economy is being knocked off course by the conflict between the US and China over trade.
The bill for damages from the U.S-China collision could be painfully high, starting this week if new growth figures on Wednesday show that Europe's economic motor, Germany, is stalled or shrinking.
Beyond that, economists say there are signs that years of jobs growth since the depths of the Great Recession and the eurozone debt crisis may be ending.
And if the trade wars escalate to include higher U.S. tariffs on cars made in Europe, the picture could look even worse.
The heart of the matter is Germany, Europe's largest economy and a key trade partner of both the US and China.
