The sentiment among companies in Germany is on a downward trend. The ifo Business Climate Index fell from 87.0 points in July to 86.6 points in August. Companies assessed their current situation as worse. In addition, expectations were more pessimistic. The German economy is increasingly falling into crisis
Economics
DeStatis – Germany: Production in July 2022: -0.3% on the previous month, -1,1% year on year
This is what a recession looks like. The question is now where will this end? Read Here
EU politics
Kyiv Independent: Zelensky dismissed Orban’s ceasefire proposal, Kyiv says
How many more Ukrainians and Russians, soldiers and civilians will have to die before Zelensky seeks a negotiated peace? Read HERE
EU politics
Politico: Dockworkers from across Europe gather to plan trade squeeze on Israel
Dockworker unions are fast becoming an important factor in exerting pressure over the war in Gaza. Read Article HERE
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