German economists are a bit slow, but the have come to the conclusion that was obvious for the past half year. And where their optimistic prognosis for 2025 and 2026 came from is not clear. Maybe this is the tribute you have to pay for government financial support.
Finance
Dani Rodrik: Reclaiming Community
Stable families, good jobs, strong schools, abundant and safe public spaces, and pride in local cultures and history – these are the essential elements of prosperous societies. Neither global markets nor the nation-state can adequately […]
Economics
Heiner Flassbeck: Why are entrepreneurs so stupid?
The latest data for the German economy is once again signalling weakness. The ifo index for August has just been published, showing that nothing more than stagnation is to be expected in German industry at […]
Finance
Larry Elliot: Missing pay rises: the ever deepening economics mystery
Well explained, simple to understand. Elliot looks at the consequences of the Phillips Curve not functioning. This would mean central banks have no idea what are the consequences when increasing their interest rates. Read here […]
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