The year 2024 starts off very disappointingly for consumer sentiment in Germany: both economic and income expectations as well as the willingness to buy are showing noticeable declines. Consumer sentiment drops sharply after rising in the previous month. In the forecast for February 2024, the Consumer Climate falls to -29.7 points – a decline of 4.3 points compared to the previous month (revised to -25.4 points). These are the results of the GfK Consumer Climate powered by NIM for January 2024, which has been published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM), founder of GfK, since October 2023
EU politics
The Guardian: Greece reiterates claim of €288bn for damages under Nazi occupation
Athens says destruction played major part in delaying Greece’s development as modern state Read here
EU politics
Richard Murphy: Schäuble gets it wrong, even in hindsight
Wolfgang Schäuble, the leader of Europe’s austerity campaign and devastator of Greece, is retiring. Neither he, nor the German media, have any doubt that he saved Europe from itself. Richard Murphy is neither German, nor […]
Economics
Bill Mitchell – The effectiveness and primacy of fiscal policy – Part 1
That monetary policy has lost its effectiveness is common knowledge, although neo-liberal governments and economists continue their policy of pretend and extend. Bill Mitchell addresses the political aspect of fiscal policy as the alternative. Read […]
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