The first estimate for extra–EU exports of goods in September 2022 was €232.0 billion, up by 24.0% compared with September 2021 (€187.1 bn). Imports from the rest of the world stood at €277.8 bn, up by 48.2% compared with September 2021 (€187.4 bn). As a result, the EU recorded a €45.8 bn deficit in trade in goods with the rest of the world in September 2022, compared with –€0.3 bn in September 2021. Intra–EU trade rose to €383.0 bn in September 2022, +26.1% compared with September 2021
Austerity
Chris Dillow: On neoliberalism
For further reading on the topic please also see today’s article “Yes, neoliberalism is a thing. Don’t let economists tell you otherwise” by Christine Berry. Read here
EU politics
Daniel Finn – Brittle Opposition
Analysis of Ireland’s election. In New Left Review’s ‘Sidecar’. Read the article HERE.
Economics
Bill Mitchell: European Commission processes still biased towards fiscal austerity
I consider that there is little hope that European Commission will be able to resume its Excessive Deficit Mechanism process in 2022 without causing massive damage to already damaged economies. But I have no doubt […]
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