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German Central Bank Lowers Growth Forecast for 2023 and Beyond: Economy Expected to Emerge from Recession Gradually
Business

German Central Bank Lowers Growth Forecast for 2023 and Beyond: Economy Expected to Emerge from Recession Gradually

by Chief editor of world-today-news.com December 15, 2023
written by Chief editor of world-today-news.com

The German Central Bank on Friday sharply lowered its growth forecasts for next year and said it would take time for Europe’s largest economy to emerge from recession.

Announcement

The German Central Bank expected the production rate to reach 0.4 percent in 2024, down from its last forecast of 1.2 percent in June.

In 2023, the German economy is expected to contract slightly due to rising energy and food costs, a slowdown in industrialization, and a weak global economy.

The German Central Bank said in its latest forecast that although the recovery will begin next year, it “will be subject to some delays.”

He added that weak external demand remains an obstacle to the industry, and private consumption is still restricted and high financing costs weaken investment.

Earlier this week two leading economic institutes lowered their growth forecasts for the German economy for next year.

However, German Central Bank President Joachim Nagel expressed optimism, saying that the economy “is likely to return to the growth path and gradually regain its speed.”

Inflation next year is expected to be half of what was expected to be this year, according to the bank.

The European Central Bank has aggressively raised interest rates and price rises have begun to subside quickly in recent months.

The German Central Bank expected the economy to gain further momentum in 2025 and 2026, growing by 1.2 percent and 1.3 percent, respectively.

This will be reinforced by the acceleration of foreign sales and the rise in household consumption.

The expectations took into account a German court’s decision last month that the ruling coalition violated the constitutional rules on debt, forcing Berlin to hastily re-establish its 2024 budget.

The forecasts were issued before the government reached an agreement this week on spending plans, but the central bank does not believe that will have a significant impact.

Additional sources • AP

2023-12-15 17:14:38
#Due #uncertainty #German #Central #Bank #reduces #growth #expectations #year

December 15, 2023 0 comments
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Promoting Growth and Innovation: BIC Altmark’s Unique Approach to Attracting Buyers
Business

Promoting Growth and Innovation: BIC Altmark’s Unique Approach to Attracting Buyers

by Chief editor of world-today-news.com October 29, 2023
written by Chief editor of world-today-news.com

Stendal – “Decorating the bride” is what it is called in the business world when a company for sale is to be made more attractive to the prospective buyer. Cynically, this often means layoffs so that the buyer can save follow-up costs. At the BIC Altmark innovation and start-up center, things should work exactly the other way around.

2023-10-29 16:17:13
#Startup #center #sale #Stendal #district #money #employees

October 29, 2023 0 comments
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Business

“Europe’s First Quarter GDP Growth: Portugal Leads Increase, Germany Narrowly Escapes Recession”

by Chief editor of world-today-news.com April 29, 2023
written by Chief editor of world-today-news.com

During the first three months of the year, Portugal registered the largest increase in its GDP (1.6%), followed by Spain, Italy and Latvia (0.5% each). France’s GDP growth was slightly higher (0.2%).

The eurozone’s gross domestic product increased by 0.1% in the first quarter of 2023 compared to the previous quarter, after remaining unchanged in the last three months of 2022, according to Eurostat figures.

For the European Union as a whole, GDP growth rebounded with an increase of 0.3% after a decline of 0.1% in the last quarter of 2022, according to Eurostat.

While Europe was hit hard by the rise in energy prices following the Russian invasion of Ukraine, which is fueling inflation that is still very high, this slight recovery in growth masks sharp disparities between the twenty countries that participate in the single currency.

During the first three months of the year, Portugal registered the largest increase in its GDP (1.6%), followed by Spain, Italy and Latvia (0.5% each). France’s GDP growth was slightly higher (0.2%).

On the other hand, Germany narrowly escaped a winter recession thanks to the relative strength of its industry, after a decline of 0.5 percent in the fourth quarter of 2022. On an annual basis, Germany was the only country in the eurozone to record a contraction of 0.1 percent. .

On the other hand, the GDP declined in Austria (-0.3%) and Ireland (-2.7%).

Overall, high inflation continues to affect household consumption and business activity across the continent.

2023-04-29 05:02:33
#Eurostat #eurozone #economy #grew #quarter

April 29, 2023 0 comments
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Health

Cadmium-linked inflammation mechanism is described, offering a potential therapy to limit lung injury and death caused by lower respiratory tract infections.

by Chief editor of world-today-news.com April 19, 2023
written by Chief editor of world-today-news.com

Cadmium is a toxic heavy metal that is ubiquitous in the environment due to its widespread industrial use. It is known to cause lung damage and increase the risk of lung cancer, but recently, researchers have found that it may also be a culprit in increasing the severity and mortality of lung infections. In this article, we will explore the mechanisms by which cadmium-induced inflammation can worsen lung infections, the factors that make certain populations more susceptible to this harm, and potential interventions that could mitigate the effects of cadmium on the respiratory system.


Lung infections are a leading cause of death worldwide, with over 1.4 million deaths a year caused by lower respiratory tract infections, including bacterial pneumonia. Heavy metals in the environment, such as cadmium, have been linked to an increased risk of death from flu and pneumonia and double the risk of lung disease, especially in communities like North Birmingham, Alabama, which have a history of housing people who worked in mines, coke plants, and heavy industries. Scientists from the University of Alabama at Birmingham have discovered a vital mechanism of cadmium-linked inflammation that increases the severity and mortality of lung infections. The community in North Birmingham is regarded as a National Priorities List area by the US Environmental Protection Agency due to pollution caused by heavy metals like cadmium in the soil and air. The researchers found that this pollution often causes tiny particulate matter less than 2.5 microns in size, which is linked to respiratory infections. The team used a mouse model to describe how cadmium, or Streptococcus pneumoniae infection, impairs the activation of PPAR-gamma in macrophages recruited to the lungs. The researchers found that the experimental drug BVD-523, which is an inhibitor for extracellular signal-regulated kinase (ERK), was successful in protecting mice from lung injury after being exposed to cadmium or infection. The scientists also found that human subjects living in industrial North Birmingham had increased cadmium levels in their lung fluids and showed PPAR-gamma inhibition. Identifying modifiable risk factors that increase individuals’ likelihood of severe pneumonia is an unmet need. Therefore, the researchers suggest that regulating PPAR-gamma in monocyte-derived macrophages may be a novel target to protect against the severity of lower respiratory tract infections secondary to lung injury caused by air pollution.


In conclusion, cadmium-induced inflammation plays a significant role in worsening the severity and mortality of lung infections. With the increasing levels of cadmium in the environment due to various human activities, it is essential to explore and understand the critical mechanisms through which cadmium exposure affects the immune response to infections. This article sheds light on the potential underlying mechanisms of cadmium-induced inflammation and emphasizes the importance of limiting cadmium exposure to reduce the risk of severe lung infections. Therefore, further studies are necessary to identify novel therapeutic strategies to treat and prevent the adverse effects of cadmium exposure on lung health.

April 19, 2023 0 comments
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