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
Economics
Bill Mitchell: On money printing and bond issuance – Part 1
Now that prominent mainstream economists have grudgingly accepted some of the elements of Modern Monetary Theory, they are simultaneously trying to discredit it to save face. Read here
Economics
Michael Pettis – The Only Five Paths China’s Economy Can Follow
here is increasingly a consensus in Beijing that China’s excessive reliance on surging debt in recent years has made the country’s growth model unsustainable. Aside from the economy’s current path, there are only four other […]
Economics
DeStatis – Germany: Producer prices of agricultural products up 34.7% in March 2022 year on year
Highest increase in producer prices of agricultural products since the beginning of the survey. And now the nation is in the midst of a drought. Result of failed economic and environmental policy over the past […]
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