The year 2024 starts off very disappointingly for consumer sentiment in Germany: both economic and income expectations as well as the willingness to buy are showing noticeable declines. Consumer sentiment drops sharply after rising in the previous month. In the forecast for February 2024, the Consumer Climate falls to -29.7 points – a decline of 4.3 points compared to the previous month (revised to -25.4 points). These are the results of the GfK Consumer Climate powered by NIM for January 2024, which has been published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM), founder of GfK, since October 2023
Austerity
Amnesty International: Eurozone governments need to recognise that Greece’s debt is a human rights issue
It is good to see that someone can see the plight of Greece and its people not just as a “political problem”. Read here
EU politics
Bill Mitchell: EU Services Notification Directive will undermine democracy within cities
How the non-democratic EU Commission continues to usurp power to serve corporations. It is good that Bill Mitchell has picked up on this and provides a thorough analysis. This is truly important. Read here
Economics
Thomas Piketty: 2018, the year of Europe
There are some truly shocking numbers in Piketty’s blog: But in Warsaw or in Prague, events are interpreted quite differently. They point out that the rate of return on the private investment from the West […]
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