In the second quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €37.4 billion (–1.0% of GDP), down from a surplus of €8.8 billion (0.2% of GDP) in the first quarter of 2022 and down from a surplus of €104.8 billion (2.9% of GDP) in the second quarter of 2021
Economics
Bill Mitchell: Be careful using first release data – Britain now surges ahead of Europe!
Overall I still cannot see a major macroeconomic impact coming from Britain’s exit from the European Union. The Remainers are now hanging on to the inflation differentials between Britain and Europe as evidence. Read HERE
Economics
DeStatis: German Manufacturing in January 2023: new orders fell by 10.9% year on year
This is is not the growth EU politicians and mainstream media were talking up a couple of months ago. Read HERE
Economics
Medium: The economics of land and what that means for Generation Rent
A recent study of 14 advanced economies found that 81% of the rise in house prices is attributable to land, not the dwellings that rest on it. Read here
Be the first to comment