New orders in manufacturing:
November 2024 (in real terms, provisional):
-5.4% on the previous month (seasonally and calendar adjusted)
-1.7% on the same month a year earlier (calendar adjusted)
Economics
Guntram B. Wolff: Germany’s current account surplus and corporate investment
Following the 1990s post-reunification period and since the beginning of monetary union, Germany’s current account has grown substantially. In the crisis years, Germany’s lost about 15 percentage points of GDP in its external investments, but […]
Economics
Bill Mitchell – US inflation is moderating while a massive fiscal contraction is underway – recession looming
Policy makers in the US seem hell bent on bringing on a recession as part of a futile fight against inflationary pressures which are already moderating. Read Here Photo: Policy makers in the US seem […]
Austerity
RTE: UK economy unexpectedly shrinks in March
With its class war against the working people of the UK the Tory government is driving the nation into recession. The EU is soon to follow – for the same reason. Read Here
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