Transcripts for BBCNEWS World Business Report 20220330 04:41

BBCNEWS World Business Report March 30, 2022 04:41:00

the problem is, of course, the prices are especially rising where people really can't do very much about it, where they have to spend, where the list as —— elasticity is very low and that means they have to cut spending elsewhere, they have to go to restaurant left, —— les, travellers, spend less money on presence at things like that, so it is really hurting the economy and we think it is going to be very difficult to eke out any growth in the coming quarters. qm. difficult to eke out any growth in the coming quarters. ok, so little growth. _ in the coming quarters. ok, so little growth, but _ in the coming quarters. ok, so little growth, but will - in the coming quarters. ok, so little growth, but will germanyj little growth, but will germany go into recession, that is what many are discussing right now? that will probably not depends much on what households are that would depend on how big it is —— supply disruptions in the industrial sectors are. it is notjust households with high energy prices, it is companies. but across very complex supply chains, especially of course if gas is cut off, then i think the risk, then it is almost a certainty will fall into recession because car factories will come to a standstill and

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