Low German rivers hinder economic recovery
Depleted German rivers are disrupting goods transport and slowing the countrys timid economic recovery. The Bundesbank warns that shallow waterways and rising transport costs will impair industrial production this quarter.
Insights:
Germany's industrial growth is facing severe headwinds this quarter as prolonged dry weather drains major inland waterways, forcing cargo vessels to operate below capacity. The Bundesbank reported on Thursday that shallow rivers like the Rhine are inflating transport costs and bottlenecking supply chains.
