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
Gig Economy
cnet: Amazon workers in Europe go on strike during Prime Day
It is encouraging to see workers in three EU nations (Poland, Spain, and Germany) going on strike simultaneously against the monopolist Amazon. Let us hope that workers from other countries will join in in the […]
National Politics
Reuters: Serbia’s ruling SNS set to win election, Vucic declares victory
President Aleksandar Vucic declared victory in a snap parliamentary election on Sunday, after pollsters projected his ruling Serbian Progressive Party (SNS) was on track to easily win. Based on votes counted in a sample of […]
Economics
Richard Connolly: Russia’s Wartime Economy isn’t as Weak as it Looks
Russia’s economic resilience is defying expectations, enabling the Kremlin to sustain its war efforts in Ukraine despite mounting challenges, and raising doubts about hopes for a swift resolution. Read HERE
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