The ECB’s interest rate hikes are having clear negative effects on the housing market in Germany. Building permits for new construction issued in January and February 2023: -28.4% for single-family houses, -52.4% for two-family houses, […]
While corporate media implies all is well with the EU’s largest economy, government statistics tell another story. Read HERE
People in Germany appear to have less money to spend on stuff. Good for the climate, bad for government VAT income Read HERE
How you create a recession. Read Here
Coal remained the main energy source in electricity production in Germany in 2022: 8.4% more coal-generated electricity fed into the grid than in 2021 Photovoltaics provided almost as much electricity as natural gas: electricity production […]
Output rose 3.5 per cent in January from the previous month, although this mostly was a rebound from December’s fall. But DeStatis always selects the positive numbers. That is what happens when your paymaster is […]
This is is not the growth EU politicians and mainstream media were talking up a couple of months ago. Read HERE
Pundits had expected a drop. After this rise in inflation, as in France and Spain, the ECB could well increase interest rates still again. Read HERE
The gross domestic product (GDP) fell by 0.4% in the fourth quarter of 2022 on the third quarter of 2022 after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) reports that […]
This is not great news for a mercantilist nation. We are also seeing an increasing economic dependency on the US Foreign trade balance down by more than half on 2021 China most important trading partner […]
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