Dusseldorf The US Federal Reserve is raising interest rates by 0.5 percentage points in response to the continued rise in inflation in the US. The last time interest rates were raised so significantly was in the early 2000s. After the Fed’s decision, the base rate is now between 0.75 and 1.0 percent. In an interview, US stock market expert Markus Koch classifies the decision by Fed Chair Jerome Powell and the reactions of Wall Street.
Also, the war in Ukraine is having an impact on the global economy. According to a new Prognos study, globalization has come to a certain standstill: Trade takes place within individual blocks and regions, some of which are newly formed.
In the title talk, Handelsblatt editor-in-chief Christian Rickens summarizes the results of the study and explains the importance of Russia and China for the German economy now and in the future.
Russia is an important supplier of energy resources for Germany. Oil and gas have also become particularly expensive recently as a result of the sanctions imposed by the EU after Russia’s attack on Ukraine.
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All the same, Rickens gives the all-clear for German exports. “From a German perspective, Russia is completely insignificant. With just two percent of German exports, Germany can cope with the loss of Russia – unless we are talking about companies that are involved in direct trade there.”
According to Rickens, China’s export power is particularly dependent on how China will continue to position itself in the global economy. On the one hand, China has close ties to Russia, and on the other hand, the Chinese market is also particularly relevant for Europe. China is an important sales market, especially for the automotive industry.
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