Germany in recession: What does it mean for Ireland and the EU?
Listen now
Description
It was not good news for Europe’s largest economy on Monday when the Bundesbank announced during its regular monthly report that Germany was officially in recession. A range of factors, including weak external demand and cautious consumers, have contributed to the fourth straight quarter of zero or negative growth. But what does a German recession mean for the euro zone and Ireland? And are there any indications of when Germany’s economy will likely turn a corner? Host Ciarán Hancock is joined by Cliff Taylor and Irish Times Berlin Correspondent Derek Scally. In the second half of this episode, we look at video-sharing platform TikTok’s restructuring plan that could see a few hundred of its workforce here being impacted. Irish Times technology journalist Ciara O’Brien gives some insight into why restructuring and layoffs has become a common theme in the tech sector over the last 18 months. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
More Episodes
Research from online broker Doddl.ie has estimated that savings of about €7,400 a year could be achieved by switching your mortgage rate. Martina Hennessey is chief executive of Doddl.ie and she joined host Ciarán Hancock to go through the maths on this. She also explained how the most attractive...
Published 11/13/24
After a remarkable political comeback, Donald Trump will be the next President of the United States. So, what will that mean for the Irish economy, given that he has threatened huge tariffs on imports and promised to slash its corporate tax rate. Host Ciarán Hancock is joined by Cliff Taylor of...
Published 11/06/24