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
Foreign Policy: How Turkey Dumbed Itself Down
“Erdogan used to rely on Turkey’s best and brightest—until he replaced them with its worst and dimmest.” Read here
National Politics
Chris Dillow: Boris Johnson’s class handicap
There’s a nice and unremarked irony about the impending end of Johnson’s premiership – that he is being brought down by the same class structure that took him to Number 10. Read Here
Climate Crisis
PIK: Too dry, too hot, or too wet: Increasing Weather Persistence in European Summer
Global warming makes long lasting weather situations in the Northern hemisphere‘s summer months more likely – which in turn leads to more extreme weather events, a novel analysis of atmospheric images and data finds. These […]
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