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.”
Economics
Yanis Varoufakis: Marx predicted our present crisis – and points the way out
Yanis Varoufakis turns to the Communist Manifesto and finds turth, solace, and inspiration. Highly recommended. Read here
Economics
Grace Blakeley: Property Developer Patriotism
“The irony of Keir Starmer’s plan for a ‘patriotic economy’ is that it relies on corporate developers to enrich shareholders, many of which don’t pay their taxes in Britain.” In Tribune. Read the article HERE.
Economics
euronews.next: Belgium approves four-day week and gives employees the right to ignore their bosses after work
Workers in Belgium will soon be able to choose a four-day week under a series of labour market reforms announced on Tuesday. Read Here
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