The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
EU politics
Politico: Majority of Western companies doing business as usual in Russia, study finds
Only about 8 percent of EU firms have divested from Russia, with the majority of Western firms still active in the country being German. Read the article HERE.
EU politics
Medecins Sans Frontieres: Samos: Where Europe lost its values and moral responsibility
A new prison-like camp on the Greek island of Samos marks a dangerous turn of European migration policy. Read here A Greek national flag and a European Union flag flutter at a newly inaugurated closed-type […]
Economics
DeStatis – German Recession: GDP still at 2019 level
If you look at the chart, you will discover that in the 4th quarter of 2019 German GDP was at about the same level as in the 4th quarter 2025 – and in that quarter […]
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