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.
Aviation
BBC: Lufthansa makes ‘permanent’ cuts as travel plunges
This is indeed good news for the climate, but at the same time bad news for the employees. The German government should now expand (actually reinstate all the services they have reduced) the rail service. […]
Economics
Bill Mitchell: ECB demonstrates that groupspeak is not dead in Europe – the denial continues
The EU has bound themselves up so tightly in their ‘framework’ and rules and jargon that the – Eurosclerosis – of the 1970s and 1980s looks to be a picnic relative to what besets them […]
Geopolitics
France24 – Trump orders US naval blockade of Strait of Hormuz
Donald Trump appears to be less interested in stopping global economic meltdown than we may have thought. Read the article HERE.
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