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began in 1970 and that's not the only bad news let's listen in now to what german economy minister peter altmire had to say. good enough to manage it smart for the 1st time in many years we will initially see a drop in employment levels that's a regression and it will be painful even though it's just a fraction of what other european countries and especially the us are facing. so far. i've got more on that i'm joined now here in the studio by my colleague stephen barrett flee from a business so let's start 1st of all with the new forecast a german economy could shrink by more than 6 percent in 2020 put that into perspective for us if we talked about this year ago you probably would have believed me if i told you minus 6 percent the numbers are sort of staggering you know germany is an export oriented economy that exports so many of its goods overseas exports could fall 11 percent this year private consumption here in germany could fall 7 percent these are very big numbers other nations will face similar numbers as well but at the end of the day it is just a number i think we're starting to reali
began in 1970 and that's not the only bad news let's listen in now to what german economy minister peter altmire had to say. good enough to manage it smart for the 1st time in many years we will initially see a drop in employment levels that's a regression and it will be painful even though it's just a fraction of what other european countries and especially the us are facing. so far. i've got more on that i'm joined now here in the studio by my colleague stephen barrett flee from a business so...
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about potentially increasing tax bills for high earners that's something that's being dismissed by peter altmire his coalition com raid if you will from the other side of the coalition here in germany who said that in no circumstances should taxes be raised on anybody peter outlier essentially saying that times are hard and we must be prepared for them. the. german economy is in a more serious situation than anything we've seen since the war including any financial crisis not only are companies suffering losses they're fighting for survival our hope is that with the help that we've provided we will be able to get through the toughest period of the pandemic so that we can avoid job losses and bankruptcies. well the latest from the world health organization is saying that those countries that are starting to lift restrictions or ease restrictions that they shouldn't think of this as the beginning of the end this is just the beginning of the next chapter in fact that's pretty much something that angle a miracle said earlier this month when she spoke to the german citizens on t.v. she said this isn'
about potentially increasing tax bills for high earners that's something that's being dismissed by peter altmire his coalition com raid if you will from the other side of the coalition here in germany who said that in no circumstances should taxes be raised on anybody peter outlier essentially saying that times are hard and we must be prepared for them. the. german economy is in a more serious situation than anything we've seen since the war including any financial crisis not only are companies...
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Apr 29, 2020
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governmental perspective the economy minister peter meyer a key ally of anglo-american who works in that building behind me in the chancery building she and mr altmire are having to deal with this very serious economic shock that everyone in this country is experiencing they say they project that germany will rebound from this recession the worst in 50 years that they expect the economy to rebound next year in the next calendar year but of course those are projections those are based on an interpretation of how this pandemic might unfold if there is a 2nd wave of infections if they need to be more lockdowns if restrictions can't be eased so much then of course that means they'll be even more economic pain. the u.n. south going human rights envoy from in marseilles the country's leader aung sang suu kyi is failed to live up to her reputation as a humanitarian her time in the role has been especially dominated by men miles crackdown in iraq and state in 201-775-0000 people mostly rohingya muslims fled across the border to bangladesh let's hear some of those comments from gang healy. we all knew that she was put on a pedestal trade as the icon of democ
governmental perspective the economy minister peter meyer a key ally of anglo-american who works in that building behind me in the chancery building she and mr altmire are having to deal with this very serious economic shock that everyone in this country is experiencing they say they project that germany will rebound from this recession the worst in 50 years that they expect the economy to rebound next year in the next calendar year but of course those are projections those are based on an...