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Tag: growth

German economic growth slowest for five years

German economic growth slowest for five years

Business
Germany's economy grew by 1.5% last year, its slowest rate since 2013, the latest official figures show.Figures from the Federal Statistics Office showed Europe's largest economy slowed sharply as the year wore on.A weaker global economy and problems in the car industry, caused by new pollution standards, have been cited as contributing to the slowdown.At the start of 2018, the German economy had been expected to grow by 1.8%. Growth was 2.2% in 2017.Germany's economy had shrunk in the third quarter of the year, by 0.2%, with global trade disputes blamed for the contraction.There were fears that Germany was at risk of following that with another quarter of negative growth, something that would have put the country into recession.The statistics office has ...
Genetically modified 'shortcut' boosts plant growth by 40%

Genetically modified 'shortcut' boosts plant growth by 40%

Science
Scientists in the US have engineered tobacco plants that can grow up to 40% larger than normal in field trials. The researchers say they have found a way of overcoming natural restrictions in the process of photosynthesis that limit crop productivity.They believe the method could be used to significantly boost yields from important crops including rice and wheat.The study has been published in the journal Science. US wildlife refuges end 'bee-killer' ban GM crops have benefits - Princess Anne Researchers are growing increasingly concerned about the ability of the world to feed a growing population in a time of serious climate change. It's expected that agricultural demand will increase globally by 60-120% by the middle of this ce...
House price growth slowest for almost six years, says Nationwide

House price growth slowest for almost six years, says Nationwide

Business
UK house prices grew at an annual pace of 0.5% in December, the Nationwide building society has said, the slowest annual rate since February 2013.The lender says uncertainty over the economic outlook appears to be undermining confidence in the market.London and surrounding areas saw a small fall in house prices in 2018.Northern Ireland saw the biggest house price rises, up 5.8%. Prices in Wales climbed 4%, in Scotland they were up 0.9% and in England they rose 0.7%.December's growth rate, based on its own mortgage data, was a marked slowdown from the annual pace of 1.9% recorded by the Nationwide in November. The Nationwide's chief economist, Robert Gardner, told the BBC the severity of the slowdown was unexpected: "It is a little bit surprising that house price growth has slowed as much ...
Wintertime ice growth in the Arctic is accelerating, slowing historic decline

Wintertime ice growth in the Arctic is accelerating, slowing historic decline

Science
Dec. 6 (UPI) -- Sea ice coverage in the Arctic has been on a precipitous decline over the last few decades, but new research from NASA suggests an increase in wintertime ice growth could help slow the trend -- but only momentarily. Despite the study's surprising revelation, scientists say the longterm prognosis for the ice caps remains poor. "This increase in the amount of sea ice growing in winter doesn't overcome the large increase in melting we've observed in recent decades," Alek Petty, a sea ice scientist at NASA's Goddard Space Flight Center, said in a news release. "Overall, thickness is decreasing. Arctic sea ice is still very much in decline across all seasons and is projected to continue its decline over the coming decades." Petty is the lead author of the new study of wintertim...