The first estimate for euro area exports of goods to the rest of the world in August 2022 was €231.1 billion, an increase of 24.0% compared with August 2021 (€186.4 bn). Imports from the rest of the world stood at €282.1 bn, a rise of 53.6% compared with August 2021 (€183.6 bn). As a result, the euro area recorded a €50.9 bn deficit in trade in goods with the rest of the world in August 2022, compared with a surplus of €2.8 bn in August 2021. Intra–euro area trade rose to €210.5 bn in August 2022, up by 34.8% compared with August 2021
Economics
DeStatis – Germany: Producer prices in July 2022: +37.2% on July 2021
Looks like inflation and that combined with recession. Well done German political class. No solutions in sight beside neo-classical economic nostrums and those are not solutions at all. Producer prices of industrial products (domestic market), […]
EU politics
Paul Mason: The AfD’s breakthrough shows that parties of the left must get radical
From The Guardian If Europe’s social democrats wish to save themselves from extinction then they will have to become, well, er…, social democratic. Read here
Economics
Jerome Roos: Rentier capitalism does not come with a reset button
Monopolisation, profit without purpose and social corrosion are not accidents – they are inherent, and ever more pronounced, factors of the system itself. Read here
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