Russia’s invasion of Ukraine in February 2022 had a significant impact on the import of crude oil into the EU, which fell to 4% of total crude imports by December. Read HERE
The annual inflation rate in the EU dropped 0.1% to 9.9%. Eleven EU nations still have an inflation rate in double digits. Read Here
Among Member States for which data are available, the largest monthly decreases were registered inIreland (–8.5%), Luxembourg (–5.2%) and Lithuania (–4.0%). The highest increases were observed inDenmark (+13.5%), Portugal (+4.1%) and Hungary (+3.8%) Read HERE
This is looking ever more like a recession. Read Here
In 2020 and 2021, government guarantees provided to third parties in the EU increased notably, following the onset of the COVID-19 pandemic – especially in Germany. Read Here
Eurostat claims that GDP up by 0.1% in the euro area and stable in the EU. How did they do it? Just look at Ireland and its tax avoidance economy. 15.7% growth in Q4. The […]
Around one-third of the value of the EU’s imports of cereals in 2021 originated from Ukraine (28.8% and valued at €1.7 billion) and Russia (4.8%) combined. Read Here
In the third quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €90.2 billion (–2.3% of GDP), down from a deficit of €40.3 billion (–1.0% of […]
Huge drop in real wages. So where is the inflation coming from? Read Here
Exports and imports falling pointing towards a recession Read Here
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