Economics and politics - comment and analysis

Germany and Europe: Severe recession, falling prices and a totally misguided economic policy

On 9 December last year I wrote that Germany is in recession, while economic and financial policy imagines that things can only go up. Since then, endless nonsense has been written about winter recessions, technical recessions and the like. Economic policy has been able to hide behind this whitewashing by the media. …

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The ECB’s interest rate hike is a grandiose mistake

5. February 2023 I Economic Policy, Europe, Forecasts

The ECB’s decision on 2 February to raise interest rates again by 0.5 percentage points and to announce an equally large increase for March will go down in history as a grand misjudgement. Although it is already foreseeable that the price development in Germany and Europe will quickly approach normal values in the course of this year, …

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