The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
Economics
Frances Coppola: ECB forecasting is a joke
A bit technical, but with a little help from your search engine a very interesting article. Read here
Economics
Bill Mitchell: US labour market recovery leaves considerable slack and rising long-term unemployment
The US labour market is still 6,76 thousand jobs short from where it was at the end of February 2020, which helps to explain why there are no fundamental wage pressures emerging. Read here
Corruption
Alp Kayserilioglu: Turkey’s Statequake
The scale of state failure in Turkey is just as striking as the natural disaster. Read the article HERE.
Be the first to comment