In the fourth quarter of 2021, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €49.6 billion (1.3% of GDP), down from a surplus of €69.6 billion (1.9% of GDP) in the third quarter of 2021 and down from a surplus of €125.4 billion (3.6% of GDP) in the fourth quarter of 2020
Economics
European Commission: EU business sentiment hits lowest level in two years
October 2022: Economic Sentiment and Employment Expectations further down in the EU and the euro area Read Here
Austerity
Hellenic Statistical Authority – Greece’s GDP decreased by 8.2% in 2020
The Troika’s policy appears not to be going as planned. Read here
Economics
Bloomberg: Germany’s Economy Runs on Low Wages
The European giant can rely on an army of poorly paid workers to weather a downturn. Read here
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