The vice president and interior minister, Matteo Salvini, believes he has the magic wand to take the country out of paralysis. This is the “flat tax”, a single tax for companies and families at 15%, with a cost that can exceed 50,000 million euros, without worrying about how it will be financed. In addition, Pants Size Chart, the strong man of the government, has chosen to continue with hisTraditional hard line of challenge to Brussels, which does not promise anything good for Italy. The industrial production of Germany has registered a fall of 1.9% last April. What represents the biggest monthly decrease in the “European locomotive” since August 2015, as reported by the Federal Statistical Office of Germany (Destatis). Compared to April of the previous year, the industrial production data of Germany registered a decrease of 1.8%, compared to the year-on-year decrease of 0.9% observed in March. A fact that has reinforced the decision of the Bundesbank, the central bank of Germany, to cut the growth forecast for this year from 1.6% to 0.6%.
Pants Size Chart
In particular, this drastic reduction in the growth of one percentage point has been justified precisely in the difficulties that the German industry is going through due to the fall in external demand. The Bundesbank has also revised downwards its projections for 2020, up to 1.2%, compared to the previous 1.6%, while for 2021 it anticipates an expansion rate of 1.3%. The German central bank explained this “hack” to its growth forecasts due to the “marked cooling” experienced by the economy after the previous expansion phase, underlining that this is mainly due to the slowdown in the industry, “where the mediocre evolution of exports are taking a toll “, while the forces that drive the domestic economy remain intact.
However, the entity is confident that exports will begin to rebound gradually from the second half of 2019 and onwards, so “once this happens, industrial production should also increase again.” The president of the Bundesbank, Pants Size Chart, has stressed that “as things currently are, downward risks predominate for economic growth and, to a lesser extent, for inflation.” The German “falcon” has also expressed confidence that “once external demand recovers, German economic growth will have a broader base again.” For its part, the institution expects that the growth of private consumption and investment will remain solid, supported by fiscal policy, although it has warned that during the next two years it will grow somewhat more slowly as a result of the aging of the population, which , among other things, will cause a considerable deceleration in employment growth.