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
Euractiv – Commission ready to place arms orders for member states, von der Leyen says
We should be worried about the European Commission taking over European defence policy, especially with Ursula Von Der Leyen at the helm for another five years. Read the article HERE.
Climate Crisis
George Monbiot: Level Down
The living world is being hit by everything at once: the only way to stop our full-spectrum assault on Earth systems is to reduce our economic activity. Read here
Economics
Bill Mitchell: The Meseberg Declaration – don’t hold your breath waiting
The EU as we know it: Much ado about nothing. Read here
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