The new American administration intends to introduce customs duties on imports from Europe because they feel the present system treats them unfairly. Evidence of this injustice is
Germany, with its fast-aging population, urgently needs about one million immigrants annually, or, on a net basis, almost half a million. Otherwise, the workforce will
Germany’s policy of high energy prices has significantly contributed to the reduction of CO2 emissions and the improvement of the environment. Even so, it is still a long
Since reunification in 1990 Germany’s real GDP has grown at a surprisingly steady annual rate of almost 1.3%. In the beginning it was mostly the
On December 12, the ECB had lowered its three policy rates by 25 basis points each – the most important one, the so-called deposit facility
For quite some time I have been annoyed by the never-ending complaints of politicians and lobbyists that Western European countries were lacking international competitiveness, and
Everything has already been said about the debt brake – but not by everybody, as the Bavarian poet Karl Valentin might have said. Here is
The central message of the IMF’s new World Economic Outlook is that the world’s real GDP will continue to grow in coming years, if not as briskly
Last week the International Energy Agency (IEA) has published its annual report (World Energy Outlook 2024), the most important source of data for those who
The disruptions of natural gas imports from Russia, as a retaliation for Western sanctions after the unprovoked invasion of Ukraine, have brought home the point
For several months now, European and American inflation rates have come in lower than expected by most market participants while China’s price levels continue to
There are two important and stable global trends which will determine the structure of our economies. Decision makers have to take them into account: 1)
