In the first quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €16.6 billion (0.4% of GDP), down from a surplus of €52.2 billion (1.4% of GDP) in the fourth quarter of 2021 and down from a surplus of €126.4 billion (3.6% of GDP) in the first quarter of 2021.
Austerity
Stephanie Kelton: UNCTAD warns of too much tightening
The trade and development department within the UN has published a report warning the advanced economies to “avoid austerity” and “revert course and avoid the temptation to try to bring down prices by relying on […]
Economics
Bill Mitchell – Claiming the European Union is close to full employment defies the meaning of language
While politicians continually want to claim that their nations or areas of responsibility are ‘close to full employment’ the data rarely bears out that assessment. And think of it this way – the mainstream economists […]
Economics
New Weather Institute and Rethinking Economics: 33 Theses for an Economics Reformation
Marking the 500th anniversary of Martin Luther’s challenge to the established church, the New Weather Institute and campaign group Rethinking Economics, with input from a wide range of economists, academics and concerned citizens, are challenging the […]
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