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.”
National Politics
Katie Boyden – British General Election turnout was ‘lowest since 1945’
The voter turnout for the 2024 UK General Election could be the lowest since 1945 as Labour wins ‘by default’ rather than thanks to a huge swell of support, an expert has claimed. Read HERE
EU politics
The Guardian: EU silence over Catalan leader’s call for action speaks volumes
“However, Francisco de Borja Lasheras, the head of the Madrid office of the European council on foreign relations in Madrid, describes the EU’s role as positive. He said the EU has helped to uphold the […]
Economics
Shaun Richards: The ECB is slamming the brakes on the Euro area economy
The situation is simply that the ECB made things worse by ignoring the incoming inflation storm and now seems set to continue tightening when the outlook is better. So they made it worse on the […]
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