Page 2 - Torsten Schmidt News Today

Germany announced plans to spend $195 billion helping both consumers and businesses. Inflation now ravages the German economy, ahead of a possible recession and energy crisis.

Germany's inflation rate increased to a record 10% in September. The news comes after economic institutes predicted that the economy will shrink next year.

Consumer prices rose 10.9 percent over the year through September, much higher than expected, driven by high energy and food prices.

Berlin, Sep 29 (Prensa Latina) The main German economic research institutes predicted today that Germany will enter recession in 2023 due to the burden of gas problems for the German economy.

The crisis on the gas markets is having a severe impact on the German economy. Soaring gas prices are drastically increasing energy costs, leading to a massive reduction of the purchasing power. Despite a decline in the second half of the year, gross domestic product is expected to expand by 1.4 percent this year. For the coming year, the institutes expect a contraction by 0.4 percent, followed by an increase of 1.9 percent in 2024.

A fund will be used to limit the price customers pay for natural gas, and the government is dropping a previously proposed surcharge on natural gas.

Olaf Scholz (pictured) unveiled a €200 billion (£177 billion) package to help consumers and businesses as energy prices continue to soar due to the war in Ukraine.

An essential preview of IAAPA Expo Europe 2022, including top events and exhibitors for theme parks, amusement parks, FECs and more.

(Page 1) Kraton Corp. (Houston) announced a significant investment in its Alpha Methyl Styrene (AMS) Resins facility in Niort, France. Kraton expects the

Company to make ‘significant investment’ to raise capacity for alpha methyl styrene