The decline in US GDP reported for the first quarter is not a big deal, and it is very possible that it will be reversed when the data is revised over the next two months. But it is the wrong direction. If Donald Trump envisions that we will surpass China and retake the leadership as the world’s dominant economy, we are so far going the wrong way.
Economics
Eurozone’s unstoppable V-Recovery – Q4: GDP down by 0.6% and employment up by 0.3% in the euro area
In the fourth quarter of 2020, seasonally adjusted GDP decreased by 0.6% in the euro areaand by 0.4% in the EU,compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical […]
Geopolitics
AntiWar.com: US To Release $3.5 Billion in Military Assistance for Israel
The State Department is set to approve the Foreign Military Financing as it is calling on Israel to investigate soldiers accused of brutally raping a Palestinian. Read HERE
EU politics
The Irish Times: Ireland – Massive increase in reports of money laundering
Banks and financial institutions reported over 24,000 suspect transactions in 2017 Read here
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