Economics
Is EU heading towards a recession?
GDP up by only 0.2% in the euro area and by 0.4% in the EU in the first quater of 2022 Read Here
DeStatis
Economics
DeStatis – Germany: Public debt reached all-time high of 2.3 trillion euros at the end of 2021
The debt owed by the overall public budget (Federation, Länder, municipalities and associations of municipalities, social security funds, including all extra budgets) to the non-public sector amounted to 2,319.8 billion euros at the end of […]
Economics
DeStatis: German Economy sinks 0,3% in 4th quarter of 2021
Gross domestic product (GDP), 4th quarter of 2021-0.3% on the previous quarter (price-, seasonally and calendar adjusted)+1.8% on the same quarter a year earlier (price-adjusted)+1.8% on the same quarter a year earlier (price- and calendar-adjusted) […]
Economics
German Non-V Recovery – DeStatis: GDP in 4th quarter of 2021 down 0.7% on the previous quarter
But the German Minister for Economic Peter “Bozo the Clown” Altmaier had a chart to prove there would be a V-recovery Bozo and Bojo have a lot in common. Read here
Economics
DeStatis: German growth stalls again
Production in industryNovember 2021 (provisional):-0.2% on the previous month (price, seasonally and calendar adjusted)-2.4% on the same month a year earlier (price and calendar adjusted) October 2021 (revised):+2.4% on the previous month (price, seasonally and […]
EU politics
DeStatis – 21% of Germans worked in low-wage jobs
Roughly 7.8 million jobs were low-wage jobs earning less than a gross 12.27 euros per hour. Read here
Economics
Eurostat: EU records trade deficit as gas from Russia and Norway takes its toll
Imports to the EU from Russia and Norway increased year on year 59.1 and 56.4 percent respectively for the period January to October. It is only thanks a rapidly increasing trade surplus with Britain (27 […]
Economics
Destatis – Germany: Exports of passenger cars down 17.2% in the 3rd quarter of 2021 year on year
It’s good to have some numbers to form an opinion about trade development. The lack of chips and delivery bottlenecks reduced German car imports and exports Foreign trade in electric cars continued on a high […]
Economics
DeStatis: German Industry investments in 2020: 14% lower than in the previous year
This is an ominous number, especially as 2020 was a Covid year. Odd that no one is picking up on it. Read here
Economics
Germany’s Not So V-Recovery: Production in August 2021: -4.0% on the previous month
In August 2021, production in industry was down by 4.0% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis) Read here Link