The German economy is being hit increasingly hard by the lack of orders. In October, 41.5% of companies reported a lack of orders, up from 39.4% in July. That’s the highest level since the 2009 financial crisis. “The lack of orders is continuing to hinder economic development in Germany,” says Klaus Wohlrabe, Head of Surveys at ifo. “Hardly any industry has been spared.”
Aviation
Ben Webster: Revealed – Airlines want £2bn handout to cover cost of ‘green’ fuel
Virgin Atlantic, BA and EasyJet blasted over ‘outrageous’ request for taxpayers to subsidise their passengers Read Here Colin Fisher/Alamy Live News
Economics
Destatis: Euroarea Industrial production stagnant for the past 14 months
The press releases at Eurostat always try to put a positive spin on its articles. This one is no different, but if you look closer – see chart below – you will see that since […]
Economics
Dr. Wolfgang Streeck: “We Are Being Governed by An Oligarchy”
Financialisation was a way to defend capitalist society against its self-undermining tendencies. Read here
Be the first to comment