As Juan Laborda writes here the Spanish government under pressure from the EU is leading Spain into a recession.
Read here
Reuters: Spanish manufacturing shrinks in June at fastest rate in six years – PMI
Austerity
Hellenic Statistical Authority – Greece’s GDP decreased by 8.2% in 2020
The Troika’s policy appears not to be going as planned. Read here
Finance
Reuters: KPMG hit by Hong Kong High Court in $400 million China Medical fraud
Odd, not much happens to the Big 4 accounting firms in Europe. Read here
Economics
Destatis – German Recession: Stock of orders in manufacturing in November 2024: -0.7% year on year
Stock of orders in manufacturing, November 2024 +0.1%, in real terms, on the previous month (seasonally and calendar adjusted) -0.7%, in real terms, on the same month a year earlier (calendar adjusted) Range of the […]
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