The first estimate for euro area exports of goods to the rest of the world in July 2022 was €235.5 billion, an increase of 13.3% compared with July 2021 (€207.8 bn). Imports from the rest of the world stood at €269.5 bn, arise of 44.0% compared with July 2021 (€187.1 bn). As a result, the euro area recorded a €34 bn deficit in trade ingoods with the rest of the world in July 2022, compared with a surplus of €20.7 bn in July 2021. Intra–euro areatrade rose to €224.8 bn in July 2022, up by 24.0% compared with July 2021
EU politics
META: Citizenwashing: What it is and how to spot it
“This is for the benefit of the citizens”, “We have consulted citizens and…”, “This is what citizens want.” The word “citizen” is regularly used by politicians and public authorities to justify their decisions. But sometimes […]
Economics
Zack Exley, Robert Hockett: Inflicting pain on workers to fix inflation isn’t just unfair. It’s stupid, ineffective, and completely unnecessary
Just last year, economists and policy-makers were still debating whether inflation was worth worrying about. Some argued that it would be a transitory phenomenon with little real impact on working Americans. Others suggested that things […]
Austerity
The Guardian: Child poverty in Britain set to soar to new record, says thinktank
Following Gremany’s increase in child poverty, the United Kingdom seems set to follow. Austerity effects those most vulnerable and without a weak voice. Children cannot even vote. This is no coincidence, this is neo-liberalism. Read […]
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