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tv   DW News  Deutsche Welle  May 15, 2020 11:00am-11:15am CEST

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oh. this is g.w. news live from berlin the coronavirus pandemic sends germany's economy into reverse output slumping more than 2 per cent in the 1st quarter as the virus batters europe's biggest economy it is the country's worst contraction in over a decade we'll have analysis and market reaction also coming up german soccer preparing to kick off again after coronavirus shut down the sport in march the bundesliga forges ahead this weekend as the 1st major european league back on the pitch in front of empty stands at typhoon dong falling slamming the philippines as
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authorities struggle to evacuate tens of thousands of people the storm is expected to barrel across densely populated areas as it moves north. oh. i'm sorry kelly welcome to the program germany's economy came to a screeching halt in the 1st quarter that's according to government data out today the lock down sealed borders and close shop since mid march economic life has come to a virtual standstill the result a 2.2 percent decrease in economic output but the 1st quarter only includes one month of lockdown meeting that data is certainly set to get worse.
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chelsea delaney is standing by with the view from frankfurt so chelsea i mean this is this is the steepest contraction since the financial crisis what parts of the economy were the hardest hit pretty much every part of the economy was in the 1st quarter there was a lot of a lot of anxiety coming into this report but what we've seen is particularly a very steep severe contraction in the services side of the economy this is obviously as a lot of restaurants hotels travel was all really really completely canceled in march but we're also seeing a very severe hit to the to the industrial manufacturing side of the german economy as well which is a huge part of germany's economic growth is manufacturing but that's also been had very hard as a lot of a lot of factories had to shut down because of the containment measures and this data as we mentioned just the 1st glimpse into the coronavirus to do so economic
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pain how much worse could it get it's actually going to get worse a lot of economists are expecting somewhere in the range of a 10 to 15 percent per contraction in the 2nd quarter that's because this is going to include a lot more of the shut down measures but it's also going to include all the anxiety that still existing in the german economy will people go back to stores will people start buying german products like and so there's certainly a steeper contraction ahead and compared to other countries germany is fairing a bit better than most other countries a lot of other e.u. countries for example france italy spain had a 1st quarter contraction of about 5 percent but this also really reflects on how well germany has done and containing the spread of the virus that allowed it to have a shorter and less severe shutdown but it also has been very aggressive in stimulus measures for the economy and that's really helped keep a lot of people from losing their jobs and businesses from going under tells you
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the linnean frankfurt thank you. and we have more now with clifford could and who's joining us from our business desk so clifford i mean we heard a bit from chelsea you know the these figures are bad not not as bad though however as analysts were expecting right now some lock down measures have been eased in the country how far could that go in the future to improving the economic situation well i think it's crucial i think looking ahead we have to see the economy opening up again we need to see people getting back into the factories people are on short time work at the moment that needs to be extended all of these measures have to happen but it is a positive sign that the last lock down measures are slowly being eased i think as the infections fall it's been a very swift reaction in terms of lifting the last lock down measures so i think we can take positives from that said it is it is a grim situation but looking ahead we're hoping that things will improve how how
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well prepared is the economy and just the general financial situation in the country to deal with this well i think with germany you often see you don't see the great highs that you see in the other emerging economies but you also don't see the great lows and i think while the figures today were were. i think what the message that comes out of it is that germany's a very stable economy and is better placed than pretty much every other country in the world to deal with. the coronavirus epidemic so we've had some bad figures from from some companies like volkswagen which is about to close its flagship devolves borg on the other hand we've had or should telecom reporting very strong figures so between all of these measures i think overall the message is one of stability in german companies clifford couldn't from get any visits thank you. this weekend sees the return of professional soccer to germany the bundesliga will
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become the 1st major league in europe to restart following the coronavirus lockdown soccer bosses say that it is more than just a sport but an economic driver as well the big leagues across europe will be watching to see how this might change conditions for germany splits. since mid march germany's football stadiums have fallen silent now the bundesliga aims to emerge from its coronavirus brick with so-called closed door matches without funds and under strict hygiene rules the idea to get back out on the pitch as soon as possible and gets anyone who rejects close door matches needn't wreck their brains about whether the league will have 18 or 20 professional clubs playing in the future because in that case there won't be 20 professional clubs left. it's not only a mic or break issue for the german league the other big european leagues are also deliberating how to emerge from a lockdown. the english premier league is the biggest money maker in european
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football followed by the bundesliga and by spans lower league for the premier league and league or t.v. revenue accounts for more than half of all income. it's slightly less than that for the bundesliga but they're determined to get the ball rolling again even without spectators if that's what it takes to keep revenues flowing. when matches are aired the advertising boards around the pitch will provide another financial boost in the current crisis the upcoming weeks will show how well the new concept works but there's no doubt that the game will be a different one has seen in south korea where the caley season kicked off last week gold celebrated with social distancing. a sign of the times. let's get more now we are joined by karen maguire football finance lecturer at the university of liverpool carrick tell us is this enough to keep some of these clubs from going bust. i think it would certainly be a major contribution if we take
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a look at match dot com which is going to be lost for a club such as dortmund that is a real worth around about 2000000 euros per match but i think for the smaller clubs it becomes slightly less significant i think the big fear among teams in the bundesliga would be that should they be unable to fulfil their fixtures then potentially a huge refund would be to you to the t.v. companies who have bought matches for the whole season and that could have been the tipping point between whether clubs could survive or continue to exist let's talk a little bit more about the t.v. rights money which is now a huge stream income stream for these clubs how significant has it become and could it become even more in the future in this new time of social distancing. well presently it's worth just over the blenders league of domestic dailies work just over a 1000000000 euro to clubs and that's what the proportion of the matches being sold it could be that if we if social distancing is going to be maintained for the
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foreseeable future then all matches might be broadcast but through some form and it could be that the clubs will start to have some form of online season tickets where fans who would normally attend matches will be able to buy a streaming service to see their clubs it's not the same as being there itself so i don't think they have to charge the same type of prices for prices but it certainly would be a contribution into filling the gap that's going to be left by the fans attending at the stadia put this put this into the broader picture for us because we have become used to seeing football as a multi-billion euro industry for years now now we're seeing how $1000.00 is impacting it could that ever becoming to an end. i don't think so i think the the place that football places takes place in german culture in culture and in the other major countries in europe is that there will always be
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a demand for it i think the way that we consume for ball might change and tendencies are certainly to fall even if we do return to a match is taking place in front of crowds but it's such a big industry and it's so much more than just football itself it's the communal spirit that it brings it's a german football culture is is the best in europe and that's that's coming from somebody that watches british football on a regular basis we had ma the way that the german football fans are organized and the atmosphere is their grounds so i think everybody you re looking for that to return just as much as the football taking place on the pitch itself karen mcguire thank you so much for joining us to share that insight thank you. let's have a look now at the latest developments in the corona virus pandemic the john hopkins university says that the global death toll has topped 300000 there are more than 4400000 confirmed cases worldwide south sudan has registered its 1st death toll
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from the coronavirus slovenia has called an official end to its pandemic becoming the 1st european country to do so and after a 2 month shut down restaurants cafes and bars are reopening in australia's most populous state new south wales a typhoon has slammed into the eastern philippines as authorities struggle to evacuate hundreds of thousands of people but many of the emergency shelters are overcrowded with no means of social distancing and without proper safety gear against the coronavirus typhoon from truong has been expected to sweep across densely populated areas before exiting in the north on sunday. for. typhoon from is packing powerful sustained winds of up to 150 kilometers per hour the typhoon has devastated parts of the country and it's putting millions of lives at risk because of the coronavirus pandemic areas hit by the typhoon are under
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lockdown and people are trying to stay at home to avoid infection. the authorities have evacuated around 200000 people who now face contracting the virus at overcrowded emergency shelters due to social distancing measures the shelters can only accept half their capacity and people have to wear face masks but not everyone has one and many are trying their best to keep safe. out there and now we have a lack of supplies to face masks that's why we have started to make our own once the spread of the virus. typhoons are a common occurrence in the philippines but this time the corona virus outbreak has made the threat even worse the national weather agency warns of potential flooding and landslides in the coming days. and sudden torrential rainfall has caused a river to overflow in northern milan the flooding overnight led to some blackouts
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in some areas while houses and basements were in dated in one part of the city the waters rose 86 centimeters in just 10 minutes authorities have now begun cleanup operations and people in central bolivia in south america have defied shutdown orders to protest against coronavirus restrictions the country has been under lockdown since mid march and many residents want it relaxed they're calling on authorities to provide more water and food there have been over 3000 covert 1000 cases reported in bolivia and around 140 deaths. as we heard earlier in the program health care workers and others are. really suffering severe stress from their work fighting covert one team one hospital in mexico has taken on a new special employee whose mission it is to help relieve that stress. preparing for work on the frontlines and during
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a pandemic you can never be too careful. mate holly that 3 year old pug who works 2 hours a day at a mexican hospital to help raise spirits among health care workers. getting some colleagues want to carry harley or play with him right away you have to consider the long lasting deprivation of physical contact most it's significant especially for staff on the front lines even segregated themselves from their own families to avoid the possibility of infection. hollies i know let's see it says she's surprised by all the smiles hollies brought out of the health care workers treating patients with coverage 19. you know one effect always been an important buffer against all kinds of stress psychological mental and emotional illness that we as health professionals experience on a daily basis. during the long grueling days of work in the crown of our section of this hospital hard so hard that little holly can bring some polls to to vittie.
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our leisure is here with that you're up to date here on date of the good news there's more now website t w dot com also on social media do feel free to follow us i'm sara kelly in for a lamp if you so much for tuning and we help you stay safe take care. beyond. the stories that matter to. whatever it takes. a running now.

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