EU's employment rate exceeds 75% in 2023 💼

Among the EU countries, the highest #employment rates were in:
🇳🇱The Netherlands (84%)
🇸🇪Sweden (83%)
🇪🇪Estonia (82%)

Lowest rates :
🇮🇹Italy (66%)
🇬🇷Greece (67%)
🇷🇴Romania (69%)

What about your country? ➡️ europa.eu/!V9yK7K

China makes up 17% of global GDP and 28% of manufacturing value-add.

But China produces more than half the world’s steel, aluminum, cement, and petrochemicals.

„A well-designed, minimally bureaucratic EU business code could be a game-changer for the ability of small businesses and start-ups to expand fast”. Agreed! „Europe still fails to make enough of its size” ft.com/content/f6200d… via @ft

Shame 👇

births in the usa way down in 2023
to lowest point in nearly a century

most people support free speech for opinions that they agree with.

Is immigration good or bad for a country? This question always strikes me as unhelpful, writes John Burn-Murdoch. Some places do a much better job of creating environments for people of different backgrounds to integrate into the economy and wider society on.ft.com/3Uj9CY1

Another key voice in favor of taking over Russian FX reserves to compensate Ukraine 🇺🇦👇

„If you can’t beat them, join them. And forget the rest of the EU”. One possible summary of Scholz’s 🇩🇪 visit to China 🇨🇳 re: #EVs etc.

CPK, kolej, porty? Marcin Piatkowski 🇪🇺 odpowiada: budować, inwestować, rozwijać się. Bo to jest ten moment, w którym się decyduje, czy będziemy dalej szybko się bogacić, czy czeka nas stagnacja jak w Hiszpanii 🧐 Dawno nie przeprowadziłem tak ciekawego wywiadu

rp.pl/plus-minus/art…

1/10
Interesting study suggesting that there is no evidence that higher public debt levels are associated with lower economic growth. I am not especially surprised because there are so many different conditions under which debt can emerge.

Nooo, Marcin Piatkowski 🇪🇺 będzie czytane! 😁

#Austerity * makes countries poorer (*plus other factors) #Greece

So there is no strong evidence for negative linear effects of higher public debt levels on growth once we correct for publication bias. But what about thresholds beyond which growth slows a la Reinhart/Rogoff (2010)? /9

Do higher public debt levels reduce economic growth? My meta-analysis is out in the September issue of Journal of Economic Surveys. By analysing 816 estimates, I find
- publication bias in favour of negative growth effects
- no uniform public-debt-to-GDP threshold

Summary 🧵

Modernisation and the EU…

💥Ministers of Germany, Brazil, South Africa and Spain: 'why we need a global tax on billionaires'

Momentum for a coordinated minimum tax on the super-rich is accelerating – history in the making!

theguardian.com/inequality/202…

I thought it was a bad idea to seize Russian reserves before the US congress had voted on the Ukraine package. It gave too easy a way to Congress to vote no and pass the buck. Now that they have voted, it is hard to think of good reasons not to seize. Yes, it will create a…

With all respect, this is to a significant extent the predictable catch-up (why shouldn’t Poland have similar per capita GDP as Germany, France, Italy etc?)
For me, the mystery is more why some other CEE countries have done less well.