Sentiment among German companies has deteriorated further at the beginning of the year. The ifo Business Climate Index fell to 85.2 points in January, down from 86.3 points in December. Companies assessed their current situation as worse. Their expectations for the months ahead were also once again more pessimistic. The German economy is stuck in recession.
Economics
New Economy Brief: What if all wages went up by inflation?
Inflation-linked wages in Belgium should have produced a wage-price spiral…but they haven’t. In fact, inflation in Belgium is dropping faster than many other economies. Why? Read HERE Photo: EmDee/Creative Commons
Economics
BBC: UK inflation: Food costs push price rises to new 40-year high
Soaring food costs have pushed UK inflation into double digits for the first time since 1982, with prices continuing to rise at their fastest rate for more than 40 years. Read Here Photo: Danrok licensed […]
Economics
Bill Mitchell: The cat is progressively getting out of the bag
Public officials tell the public they are not doing A but B, while doing exactly A Read here
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