Germany faces incredible headwinds in a post-COVID world. Whichever party wins September's federal election will be responsible for helping to reinvent Europe's economic powerhouse. The economic powerhouse has an industrial export model that is at risk of becoming obsolete. On Tuesday, a new Forsa/RTL/n-tv opinion poll showed Germany's Green Party had taken a seven-point … [Read more...] about Germany’s Green Party Reveals Economic Plans Post-COVID
Economy
European Economic Recovery is Going Faster with France Leading the Growth
According to preliminary data showed on Friday, business activity in the eurozone expanded again in April, which provides some positive momentum for the second quarter. European countries have stepped up their vaccination rates, but some nations remain in lockdown amid the third wave of Covid-19 infections. IHS Markit’s flash composite PMI for the eurozone, which looks at … [Read more...] about European Economic Recovery is Going Faster with France Leading the Growth
UK Retail Sales Improves, Private Sector At All Time High
The partial reopening of Britain’s locked down economy has stimulated the fastest private sector growth in more than seven years. This is according to a closely watched monthly update of the economy. The Rise in Retail Sales A report on the state of the UK’s two biggest sectors, the services, and manufacturing sectors, showed both booming in April and prompted immediate … [Read more...] about UK Retail Sales Improves, Private Sector At All Time High
Putin’s Economic Isolation is in Retaliation of the New U.S. Sanctions
Russian President Vladimir Putin is likely to respond to the latest round of U.S. sanctions threats as he aims to make the country's economy more self-sufficient. In the seven years since Russia’s annexation of Crimea, Putin’s government and the Central Bank have stripped back the country’s exposure to dollars. It also shifted assets out of the U.S. and sold a smaller … [Read more...] about Putin’s Economic Isolation is in Retaliation of the New U.S. Sanctions
New Zealand’s Budget for Mental Health Brought Back to Life as Country’s Economy Recovers
Next month marks the 2nd year of Arden’s first “wellbeing budget.” This move aims to boost economic metrics such as GDP by using a much broader range of outcomes—including human health and safety to assess the success of policies. The move was greeted with international fanfare. And in the UK, Labour’s leadership has said it is examining similar plans. Wellbeing Budget But … [Read more...] about New Zealand’s Budget for Mental Health Brought Back to Life as Country’s Economy Recovers