Companies in Germany have significantly reduced their investment plans, according to the ifo Institute’s Business Survey. The ifo investment expectations for the current year fell to 2.2 points in November, down from 14.7 points in March. “The investment climate has deteriorated noticeably. This is the result of higher financing costs, weak demand, and uncertainty regarding economic policy,” says Lara Zarges, economic expert at the ifo Institute. Companies are also cautious about the coming year; with a balance of 1.2 points, the ifo investment expectations are actually slightly lower than this year.
Austerity
Kate Connolly: ‘We are becoming a joke’: Germans turn on Deutsche Bahn
Depressing wages, slashing investment, reducing taxes for corporations and the rich. German austerity to drive its export economy in support of international corporations. The Deutsche Bahn is a typical victim of this austerity. What the […]
EU politics
Yanis Varoufakis: Germany Is Banning Pro-Palestinians
Yanis Varoufakis was scheduled to deliver a video message to a Palestine conference in Berlin on Friday — but police shut down the event. Varoufakis tells Jacobin how the Germans silenced him and why they’ve now banned […]
Geopolitics
Branko Marcetic – Two Years After October 7, the Horrors Are Indescribable
‘After October 7, Israeli society went into a vengeful genocidal tailspin, carrying out some of the most heinous crimes of this century again and again and again. Two years on, its leaders are unrepentant and […]
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