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All this is happening against the background of the cries of the captains of big business in Germany, who demand from the Ampelkoalition Scholz to resolve the issue of gas supplies for the winter, since Germany will certainly survive the gas crisis in the short term, but in the case of German industry, not just everyone will survive.

Worüber sich die Ampel streitet

Hartz IV, debt brake, arms deliveries: The traffic light coalition is currently anything but united. Where are the biggest differences - and what compromises could there be?

'Sapere aude'

by Oui (Oui) on Thu Aug 11th, 2022 at 05:11:59 PM EST
Assessing the state of the global economy | Deloitte |

In Europe, the Eurozone is experiencing a decline in manufacturing activity. The PMI for the region fell from 52.1 in June to 49.8 in July, a 25-month low. Output fell at the fastest pace since the start of the pandemic as did new orders. On the positive side, price pressures diminished as inventory accumulation soared and supply chain pressure eased. Business sentiment was very poor owing to concerns about the war in Ukraine and the overall state of the economy.

The four largest economies in the Eurozone (Germany, France, Italy, Spain) all fell into negative growth territory (Italy being the lowest) while there was positive and strong growth in the Netherlands. Meanwhile, it was reported separately that retail sales in Germany declined at the fastest rate on record. Markit pointed to the energy sector as posing the greatest risk to the region.

'Sapere aude'
by Oui (Oui) on Thu Aug 11th, 2022 at 05:27:29 PM EST
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