According to the preliminary estimate, GDP in the second quarter grew by 5.3% year-on-year, compared to 8.5% year-on-year in the first quarter. The slowdown is worse than expected
Finance
Tax Justice Network: Bail, or bailout? Tax experts publish 5-step test for Covid19 business bailouts
This is important because when EU nations say they will not bailout companies registered in tax havens, they mean those on the EU list, and that is a paper tiger, fully ineffective. Read here
Finance
Simon Wren-Lewis – Economists: too much ideology, too little craft
For all its claims of being a science, Wren-Lewis, borrowing from Dani Rodrik, sees economics also as a craft: ” If you do not apply the craft well, then what can replace it is ideology, […]
Economics
DeStatis – German recession: GDP in first quarter 2025 down 0.2% year on year
Gross domestic product (GDP), 1st quarter of 2025 +0.4% on the previous quarter (price, seasonally and calendar adjusted) -0.2% on the same quarter a year earlier (price adjusted) 0.0% on the same quarter a year […]
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