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But that is only part of the picture. “Even without this effect, the economy has lost considerable momentum compared with the first half of the year,” Commerzbank said. “Hardly any measures have been taken in recent years to make Germany a more attractive business location,” it added. “Indeed, the opposite has more often been the case.”. Germany’s loss of export momentum may be just as worrying as its car troubles and with the risks of a global trade war lingering, exports are unlikely to recover quickly and certainly not to last year’s level watch cufflinks uk sale.

GRAPHIC: Global trade in goods and surveys – tmsnrt.rs/2Quns7F. Japan’s economy will have shrunk by 0.3 percent in the third quarter, the second negative reading this year, figures due on Wednesday are expected to show. Like in Germany, the contraction is mainly due to one-offs, primarily the impact of natural disasters from typhoons to earthquakes. But also like in Germany, the exceptional events may hide the fact the growth trend is pointing lower. Japan’s expansion will be just above 1 percent for the year and growth may gradually slow in the coming years on declining labor market capacity, diminishing fiscal support and the limited capacity of monetary policy to provide stimulus watch cufflinks uk sale.

“GDP growth should return to a moderate positive gain in October-December,” Morgan Stanley MUFG Securities said in a note. “While the economy is currently in the late stage of a cycle, we maintain our view that it continues to moderately expand, mainly in domestic demand.”. The threats of tariffs on its massive car industry hold the potential for more volatility in growth with global politics likely setting the tone. Still, even with several big economies wobbling, U.S. growth remains robust and several key emerging markets are also performing well. And it is this backdrop which supports those economists who argue the recent soft patch is just that or, at worst, part of a moderate slowdown, not a downturn watch cufflinks uk sale.

(Reuters) – A federal judge in Montana halted construction of the Keystone XL oil pipeline on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project. The ruling deals a major setback for TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline. The ruling is a victory for environmentalists, tribal groups and ranchers who have spent more than a decade fighting against construction of the pipeline that will carry heavy crude to Steele City, Nebraska, from Canada’s oilsands in Alberta watch cufflinks uk sale.

U.S. District Court Judge Brian Morris’ ruling late on Thursday came in a lawsuit that several environmental groups filed against the U.S. government in 2017, soon after President Donald Trump announced a presidential permit for the project. Morris wrote in his ruling that a U.S. State Department environmental analysis “fell short of a ‘hard look’” at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources. He also ruled the analysis failed to fully review the effects of the current oil price on the pipeline’s viability and did not fully model potential oil spills and offer mitigations measures watch cufflinks uk sale.