Sentiment in the German automotive industry deteriorated further at the end of 2024. The Business Climate Index for the German automotive industry fell in December 2024 to -34.7 points, down from -32.4 points* in November. “The automotive industry has thus slipped deeper into crisis,”
Economics
Heiner Flassbeck: Why are entrepreneurs so stupid?
The latest data for the German economy is once again signalling weakness. The ifo index for August has just been published, showing that nothing more than stagnation is to be expected in German industry at […]
Uncategorized
The Guardian: World’s witnessing a new Gilded Age as billionaires’ wealth swells to $6tn
Billionaires increased their combined global wealth by almost a fifth last year to a record $6tn (£4.5tn) – more than twice the GDP of the UK. There are now 1,542 dollar billionaires across the world. […]
Austerity
Bill Mitchell: IMF changes tune on industry policy – shamelessly – Part 1
First it was capital controls (no one talks about the success of Iceland with this policy) that the IMF revised. Now it is what the IMF refers to as “The policy that shall not be […]
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