economy grew by 6 percent in the 3rd quarter that's according to estimates by the german institute for economic research however it also forecasts that the recovery will slow down as the new restrictions take hold our financial correspondent conrad who is and has more from germany's financial capital frankfurt. pessimism has come back with a vengeance to the financial markets some investors predict that our economy in germany the gross domestic product will be down to 0 at the end of the year some even more pessimistic forecasters predict that germany's economy will fall into another recession the problem is that compared with the 1st lock down in the spring the financial situation for many businesses here in germany has become much worse which makes a wave of bankruptcies more likely as soon as insolvency rules which have been suspended due to the pandemic will be put in place again also temporary furloughs the so-called short work hours schemes might not be enough any more unemployment is a real threat no wonder that the dea i.w. research institute says the pandemic is taking away the confidence of co

economy grew by 6 percent in the 3rd quarter that's according to estimates by the german institute for economic research however it also forecasts that the recovery will slow down as the new restrictions take hold our financial correspondent conrad who is and has more from germany's financial capital frankfurt. pessimism has come back with a vengeance to the financial markets some investors predict that our economy in germany the gross domestic product will be down to 0 at the end of the year some even more pessimistic forecasts predict that germany's economy will fall into another recession the problem is that compared with the 1st lock down in the spring the financial situation for many businesses here in germany has become much worse which makes a wave of bad quote seize more likely as soon as insolvency rules which have been suspended due to the pandemic will be put in place again also temporary furloughs the so-called short work hours schemes might not be enough any more unemployment is a real threat no wonder that the d w research institute says the pandemic is taking away the confidence of compan

economy grew by 6 percent in the 3rd quarter that's according to estimates by the german institute for economic research however it also forecasts that the recovery will slow down as new restrictions take hold our financial correspondent konrad bosun has more from germany's financial capital frankfurt pessimism has come back with a vengeance to the financial markets some investors predict that our economy in germany the gross domestic product will be down to 0 at the end of the year some even more pessimistic for costs this predict that germany's economy will fall into another recession the problem is that compared with the 1st lock down in the spring the financial situation for many businesses here in germany has become much worse which makes a wave of bad quote seize more likely as soon as insolvency rules which have been suspended due to the pandemic will be put in place again also temporary furloughs the so-called shortened work hours schemes might not be enough anymore unemployment is a real threat no wonder that the w. research institute says the pen demick is taking away the confidence of compani

economy grew by 6 percent in the 3rd quarter that's according to estimates by the german institute for economic researchwever it also forecasts that the recovery will slow down as new restrictions take hold our financial correspondent conard susan has more from germany's financial capital frankfurt pessimism has come back with a vengeance to the financial markets some investors predict that our economy in germany the gross domestic product will be down to 0 at the end of the year some even more pessimistic for costs this predict that germany's economy will fall into another recession the problem is that compared with the 1st lock down in the spring the financial situation for many businesses here in germany has become much worse which makes a wave of bad quote seize more likely as soon as insolvency rules which have been suspended due to the pandemic will be put in place again also temporary furloughs the so-called shortened work hours schemes might not be enough anymore unemployment is a real threat no wonder about the d w research institute says the pen demick is taking away the confidence of companie

german reunification is still taking more time than initially expected. let's speak to professor ranked grohl who is president of the house the institute for economic research which is based in the on the east german city of how the lower wages higher unemployment lower g.d.p. while the former eastern german states still lagging behind. there are a number of reasons it seems communication of factors one is going to firms seem to be less productive and west german firms around 20 percent less productive across the more. often the geographical structure of countries in the indifference or small rule less urban and there are less hiding urban service jobs compared to the rest. so was there something wrong with the way in which reunification miss brought about and the way that it was carried out that means we now still have this that well you know and of course it's true that most people would have expected that conversions will happen in korea you know free capital mobility free labor mobility the same institutions phillis same legal system most economists would have expected going to urge them to have quite a family and in didn't it was a pretty convergence a

the shares of bank here in france for they also selling the german share index dax it's down again and significantly. one of germany's leading economic research institutes the d.w.i. says the economy was likely to grew by 6 percent in the 3rd quarter what does that figure tell us in these turbulent times. well it's telling us that the recovery after the spring lock downs was a strong one but you know chris the problem is not the past the problem is the future the i.w. institute also says that the new corona restrictions expected here in germany and in other countries of europe are likely to cause the recovery to come to a halt and that's much more pessimistic outlook than the previous one by the institute later today the german chancellor. is discussing your restrictions with regional leaders and it's expected that at least parts of our businesses here in germany will have to close down again. when i was in frankfurt thank you. only 2 months left to strike a trade deal between the european union and britain which has formally left the block at the beginning of the year and now it's not only businesses in the u.k. that are anxiously looking at these stal

german reunification is still taking more time than initially expected so why are things still so different between the far east and western states so that's something we put to the president of the house institute for economic research professor right will. there are a number of reasons. and we need to know where actors want to say he's going to firms seem to be less productive and west germany. and less more. countries in the interim so it's more or less and less i being. compared. the fall of the belin wall was the beginning of the end for many east german companies who couldn't compete with their western equivalents however some of the skills and expertise that have been built up were simply too precious to lose optics were one of communist east germany's biggest exports but when germany reunified 30 years ago few thought the state run cold science plant here in garo had much of a chance against tough western competition 3 optical engineers took a chance and bought the company shares to keep the optical traditional alive. the units seem to be stacked against the 3 who had never run a business before and had little idea about the market economy. manfred shoe box was one of them. whom interlocutors i know just as w