We have written for years that DeStatis is politicised and produces results that support the government. Another quarter of decline would have been unbearable for the Germans as it would have marked a recession. This happens every time. We predicted this result.
Environment
The Guardian – Monsanto trial: judge rejects bid to overturn landmark cancer verdict
This is very mixed news. When things get tough for transnational corporations, the American justice system gets going. Besides, Germany´s pharmaceutical transnational Bayer still has the Trump administration, the Republicans, and of course the Supreme […]
Economics
DeStatis – German Recession: Stock of orders in manufacturing in July 2024: -4.3% year on year
Stock of orders in manufacturing, July 2024 +1.0%, in real terms, on the previous month (seasonally and calendar adjusted) -4.3%, in real terms, on the same month a year earlier (calendar adjusted) Read HERE
Economics
Reuters: German economic institutes cut 2023 GDP forecast on energy price surge
What a surprise. And the ECB wants to continue raising interest rates and the German goverment wants austerity. Add to this high inflation and low wage growth. Nothing new on the German front. Inflation well […]
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