Sweden has sought to appease Turkey ahead of a meeting over possible Nato membership
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Economics
Reuters: China’s economy cools sharply in April as lockdowns bite
April industrial output -2.9% y/y vs f’cast +0.4% April retail sales -11.1% y/y vs f’cast -6.1% Nationwide jobless rate highest since Feb 2020 Jan-April fixed asset investment +6.8% y/y, vs f’cast +7.0% Read Here
Economics
DeStatis: Inflation in Germany increases again in January
Consumer price index, January 2023: +8.7% on the same month a year earlier (provisional) +1.0% on the previous month (provisional) Read Here
Austerity
Bill Mitchell: Germany – a most dangerous and ridiculous nation
In this typically lengthy article Mitchell reviews how and why Germany is imposing its economic policy upon Europe. Read here
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