Advertisement
UK markets open in 1 hour 19 minutes

  • NIKKEI 225

    37,104.00
    -975.70 (-2.56%)
     

  • HANG SENG

    16,174.37
    -211.50 (-1.29%)
     

  • CRUDE OIL

    84.70
    +1.97 (+2.38%)
     

  • GOLD FUTURES

    2,397.20
    -0.80 (-0.03%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    49,854.98
    +342.43 (+0.69%)
     

  • CMC Crypto 200

    1,282.38
    +396.84 (+43.39%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

German economic growth to slow further in 2020 - BDI

Reuters

BERLIN (Reuters) - Germany's BDI industry association said on Thursday it expected German economic growth to slow further this year as there are no signs of improvement in the struggling manufacturing sector.

"Industry remains stuck in recession, there are no signs for the sector bottoming out," BDI President Dieter Kempf told reporters in Berlin.

The association said it expected the economy to grow by 0.5% in 2020, helped mainly by a higher number of working days, adding that calendar-adjusted growth is seen at 0.1%.

Kempf called on the government to cut corporate taxes to push down companies' average burden to below 25% from 31% currently.

Berlin should also massively hike public investment in infrastructure over next 10 years to boost growth, he added.

(Reporting by Michael Nienaber, editing by Thomas Seythal)