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.”
EU politics
United Nations: Germany: UN expert warns space for freedom of expression is shrinking amidst growing threats
“A primary concern in Germany remains the use of anti-terrorism laws to restrict advocacy for Palestinian rights, chilling public participation and shrinking discourse in academia and the arts,” warns Khan. Read Article HERE Photo: United […]
Economics
DeStatis: Manufacturing in August 2022: new orders down 4.1% year on year
New orders in manufacturing: August 2022 (in real terms, provisional): -2.4% on the previous month (seasonally and calendar adjusted) -4.1% on the same month a year earlier (calendar adjusted ) July 2022 (in real terms, […]
Economics
Chris Dillow: NEOLIBERALISM AS LACK OF SELF-RESTRAINT
“…neoliberal bosses have something in common with child molesters. Both lack restraint in the pursuit of their own self-gratification in situations where they think they can get away with it.” The problem is not greed […]
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