kallum pickering, senior economist, berenberg is with us. voices are rising in terms of concern about the length of a downturn. if there is a trade dispute between europe and the united states, how perilous could it be the german economy? we are just kissing growth in recession. the germandamentally economy is in good shape, the problem it has is it has a large earns 30%ector and from exports. because it has such a large external sector, if you get global weakness, you get seepage into the domestic economy and mastic spending. you look at germany, ok fundamentally, in good shape, but vulnerable to a lot of risks. unless risks they'd, the german economy will not gain significant momentum, and the res same goes for the rest of that european economy. nejra: spring could follow a gray winter, it is contingent on things going right. one thing that needs to go right is? need to not go wrong. pausexit goes ok, if the stabilizes china, central banks will not spoil it, as long as we get progress on the trade front, that you do enough to stop weighing

from berenberg bank.se figures are for the german economy and bring them to you on bbc world news added later. —— a little bit later. let's go to beijing now, where us treasury secretary steve mnuchin and trade representative robert lighthizer are holding trade talks. the us has imposed a 10% tariff on $200 million of chinese goods in retaliation for what it claims are unfair trade policies. those tariffs are set to ratchet up to 25% on march 1st if a comprehensive trade deal isn't struck. michelle fleury has more from new york. a key pa rt a key part of donald trump's economic rhetoric was the loud and co nsta nt economic rhetoric was the loud and constant complaint that china treats the us on fairly when it comes to trade. he has picked up america's long—standing criticisms of the way china appropriates foreign technology and fails to respect intellectual property. and to that he has added a stream of complaints about the size of the trade deficit that the us has with china. but now was when rhetoric fi

analysts at berenberg bank for example upgraded elston to a buy rating and suggested it could now seek a type with transport division of canada's bombard jay. to have a better chance of approval here in europe action was more down beat with both the both the french and german governments saying the veto would make european businesses less competitive on the global stage. trigger reports. it could have been a european rail joint to match the confidence global leader of the s skies abbbbas bettr brbrussels veto on the l. storm siemens manager left fury melting in berlin. and paris decision the commission to move as the commission's decision is a bad. one a toddler to european industry. and it seems to have been made on the spot ground. fault mall. has long been utterly convinced that the future of french industry lies withinn a unified european frame what. if you. the e. u.'s concern was that all the european competition would b be edged out by the franco german giants. not the company should struggle in the short term though both may already be looking for potential new partners. gorgeo