Germany’s inexorable export growth has come to a standstill.
Read here
Economics
Quartz: How tax havens turn economic statistics into nonsense
A short, but interesting article that demonstrates why statistics can be completely useless (something we saw with Ireland’s GDP – Leprechaun Economics click here). Read here
Economics
Reuters: China’s economy cools sharply in April as lockdowns bite
April industrial output -2.9% y/y vs f’cast +0.4% April retail sales -11.1% y/y vs f’cast -6.1% Nationwide jobless rate highest since Feb 2020 Jan-April fixed asset investment +6.8% y/y, vs f’cast +7.0% Read Here
Economics
Larry Elliot: Even Amazon must heed the basic laws of economics and politics
Tech giant’s minimum wage rise more to do with looming labour shortage than philanthropy Read here
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