The first estimate for euro area exports of goods to the rest of the world in July 2022 was €235.5 billion, an increase of 13.3% compared with July 2021 (€207.8 bn). Imports from the rest of the world stood at €269.5 bn, arise of 44.0% compared with July 2021 (€187.1 bn). As a result, the euro area recorded a €34 bn deficit in trade ingoods with the rest of the world in July 2022, compared with a surplus of €20.7 bn in July 2021. Intra–euro areatrade rose to €224.8 bn in July 2022, up by 24.0% compared with July 2021
Economics
Eurostat: Eurozone Striving to lead the World in Stable Deflation
Only for the third time in its history, the eurozone had had four consecutive months of deflation. Many EU politicians are calling for the re-introduction of austerity in the hopes of increasing the eurozone’s efforts […]
Austerity
Bill Mitchell: Ireland – not as rosy as the official story might suggest
Ireland has made itself look ridiculous. Official figures showed the Irish economy grew by an unbelievable 26pc in 2016 – more than three times faster than first thought. This was quickly dismissed by economists as “farcical”. […]
EU politics
Thomas Frank: What Harvey Weinstein tells us about the liberal world
While the media has concentrated on the salacious episodes of Harvey Weinstein’s crimes against women. Thomas Frank has taken a political prespective – and as always in the case with his analyses, thought provoking. Read here
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