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: Producer prices in July 2022: +37.2% on July 2021
Looks like inflation and that combined with recession. Well done German political class. No solutions in sight beside neo-classical economic nostrums and those are not solutions at all. Producer prices of industrial products (domestic market), […]
Geopolitics
Middle East Eye: Hezbollah rockets hit Haifa as Israeli soldiers raid Al Jazeera offices
Hezbollah fired nearly 100 rockets towards northern Israel, including Haifa for the first time since the current hostilities began almost a year ago. The Lebanese group said the targets included the Ramat David military airbase […]
Economics
Bill Mitchell: Italy should prioritise an exit of the Eurozone madness
A long, in depth piece concerning Italy leaving the Eurozone. Also see the recent article by Joseph Stiglitz on the topic here Read here
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