In 2022 as a whole, production was calendar-adjusted 0.6% lower than in 2021 and down 5.0% from the pre-crisis year of 2019.
Economics
Bill Mitchell: The divide between mainstream macro and MMT is irreconcilable – Part 1
It is noticeable that the economic mainstream is becoming increasingly uncomfortable by the increased interest in Modern Monetary Theory. Bill Mitchell is right. There appears to be an effort to co-opt Modern Monetary Theory under […]
Geopolitics
AntiWar.com: Israel Ramps Up Assault on Gaza To Seize ‘Extensive Territory’ and ‘Divide’ the Strip
The Israeli military on Wednesday ramped up its ground assault and strikes on Gaza as Israeli officials announced plans to take over more land in the Palestinian territory. Read HERE
Economics
Shaun Richards: Who thought the ECB would be sharply raising interest-rates with Germany in recession?
This morning has brought us back to some extent to a piece of economic orthodoxy. Putting it another way something which was always really rather likely is being presented as a shock of sorts. So […]
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