Sentiment among German companies has deteriorated further at the beginning of the year. The ifo Business Climate Index fell to 85.2 points in January, down from 86.3 points in December. Companies assessed their current situation as worse. Their expectations for the months ahead were also once again more pessimistic. The German economy is stuck in recession.
Economics
Bill Mitchell: Education – a faux crisis, an erroneous ‘solution’ and capital wins again
Beginning with education, this morphs into an article about the Big Four Accountancies, especially Ernst & Young. As always with Mitchell, well worth reading. Read here
Economics
Heiner Flassbeck, Friederike Spiecker: Eastern Europe facing a new crisis
The challenges facing Eastern EU members’ economies Read HERE
Economics
rest of world: Rising food and fuel costs are making gig work unsustainable
Workers in India, Argentina, and South Africa say that they are struggling to make ends meet. Read Here
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