A perfect storm is brewing for the EU economy, whereby the repercussions of many elements, such as China’s economy and US interest rates are difficult to calculate
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The Star: EU cuts eurozone GDP forecast, sees 6.1% inflation
Climate Crisis
Reuters: As German gas rationing looms, industry begs exemptions
We all know how this will end. Corporations will receive as much gas as they want at a reduced price plus more public money on top. At least it will be Green Gas thanks to […]
Economics
Bill Mitchell: Key economic policy organisations still claim that public spending undermines private spending
It is hard to imagine that so little progress has been made in dismantling the mainstream macroeconomics paradigm over the last decade within the institutions of government. We have had the GFC, and now, the […]
Economics
DeStatis – Germany: New orders in manufacturing in July 2023 -10.5% year on year
Germany seems to be going from one bad disappointing economic development to the next. New orders in manufacturing:July 2023 (in real terms, provisional):-11.7% on the previous month (seasonally and calendar adjusted)-10.5% on the same month […]
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