Germany to predict economic contraction in 2023 instead of sluggish growth
The German government will predict a contraction for this year instead of sluggish growth when it updates its outlook next month, Bloomberg reported, citing people familiar with the revised forecast.
Gross domestic product is likely to contract in Q3 and expand only slightly in Q4, implying the economy will shrink at an annualized rate in 2023.
Instead of the 0.4% full-year growth forecast at the end of April, the government will reportedly downgrade its outlook to a contraction of as much as 0.3%.
The revision would bring Germany in line with other pessimistic forecasts from the International Monetary Fund (-0.3%) and the European Commission (-0.4%).
The German government will predict a contraction for this year instead of sluggish growth when it updates its outlook next month, Bloomberg reported, citing people familiar with the revised forecast.
Gross domestic product is likely to contract in Q3 and expand only slightly in Q4, implying the economy will shrink at an annualized rate in 2023.
Instead of the 0.4% full-year growth forecast at the end of April, the government will reportedly downgrade its outlook to a contraction of as much as 0.3%.
The revision would bring Germany in line with other pessimistic forecasts from the International Monetary Fund (-0.3%) and the European Commission (-0.4%).
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Forwarded from Intel Republic
Israel's current "extremist" gov is "torpedoing any possibility of rapprochement with Palestinians" Saudis tell US as they abandon peace deal talks per media reports.
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Forwarded from Multipolar Market
🌍 African countries formed a new alliance
Niger, Burkina Faso, and Mali have signed a charter that establishes the Alliance of Sahel States (AES) to create a collective defense architecture, Mali's interim president Assimi Goïta said on his X account (Twitter).
An aggression against one AES party would be considered an aggression against other parties and would require the assistance of all countries in the treaty, including military force, the document signed on Saturday says.
The decision came amid talks between a delegation of the Russian Defense Ministry and representatives of Mali, Burkina Faso, and Niger.
In early September, Russian military officers led by Deputy Defense Minister Yunus-Bek Yevkurov visited Burkina Faso. During the talks with the head of state Ibrahim Traoré, they discussed military-technical cooperation, including the training of Burkina Faso's military, including pilots, in Russia.
On September 16, Yevkurov held closed-door talks with Malian President Assimi Goïta and Niger's Defense Minister Salifou Modi, Malian television reported.
Earlier, the Economic Community of West African States (ECOWAS) suspended the membership of Niger, Burkina Faso, Mali, and other countries where the military has seized power. The community has also threatened Niger with intervention, while France has voiced support for the decision. Mali and Burkina Faso promised to assist Niger in case of intervention.
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Niger, Burkina Faso, and Mali have signed a charter that establishes the Alliance of Sahel States (AES) to create a collective defense architecture, Mali's interim president Assimi Goïta said on his X account (Twitter).
An aggression against one AES party would be considered an aggression against other parties and would require the assistance of all countries in the treaty, including military force, the document signed on Saturday says.
The decision came amid talks between a delegation of the Russian Defense Ministry and representatives of Mali, Burkina Faso, and Niger.
In early September, Russian military officers led by Deputy Defense Minister Yunus-Bek Yevkurov visited Burkina Faso. During the talks with the head of state Ibrahim Traoré, they discussed military-technical cooperation, including the training of Burkina Faso's military, including pilots, in Russia.
On September 16, Yevkurov held closed-door talks with Malian President Assimi Goïta and Niger's Defense Minister Salifou Modi, Malian television reported.
Earlier, the Economic Community of West African States (ECOWAS) suspended the membership of Niger, Burkina Faso, Mali, and other countries where the military has seized power. The community has also threatened Niger with intervention, while France has voiced support for the decision. Mali and Burkina Faso promised to assist Niger in case of intervention.
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Niger, Burkina Faso, and Mali have signed a charter that establishes the Alliance of Sahel States
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Will traditionalism save the West, and should Muslims ally with the Right Wing?
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Middle Nation
My thoughts on the Azerbaijan-Armenia conflict
what subsequently happened:
According to the Azeri media APA, an agreement was reached that includes the following:
1. The formations of the Armenian armed forces and the illegal Armenian armed groups located in the Karabakh region of the Republic of Azerbaijan lay down their arms, abandon their combat positions and military posts and disarm completely. Units of the Armenian armed forces leave the territory of Azerbaijan and illegal Armenian armed groups are released.
2. At the same time, all weapons and heavy equipment are delivered.
3. It is ensured that the above-mentioned processes are carried out in coordination with the Russian peacekeeping contingent.
According to the Azeri media APA, an agreement was reached that includes the following:
1. The formations of the Armenian armed forces and the illegal Armenian armed groups located in the Karabakh region of the Republic of Azerbaijan lay down their arms, abandon their combat positions and military posts and disarm completely. Units of the Armenian armed forces leave the territory of Azerbaijan and illegal Armenian armed groups are released.
2. At the same time, all weapons and heavy equipment are delivered.
3. It is ensured that the above-mentioned processes are carried out in coordination with the Russian peacekeeping contingent.
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Someone is again messaging people from the discussion group posing as me or an admin. It's spam. I don't contact anyone unless they have asked me to message them directly.
Block and report, please.
Block and report, please.
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Al-Hamdulillah, the Middle Nation YouTube channel has just crossed 100k subscribers. Jazakum Allahu khayran everyone. I never thought I would get even half this many people interested in my content. A quarter even.
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Forwarded from The Cradle
Saudi FM calls for Palestinian state in UN speech
Saudi Arabia is demanding the establishment of a Palestinian state in exchange for normalization with Israel
Saudi Arabia is demanding the establishment of a Palestinian state in exchange for normalization with Israel
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Economic power vs political power & Muslims in the Western periphery
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Forwarded from The Paradigm Shift Channel ⏳ (Jonathan Mohan)
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🔹Indonesia 🇮🇩 has launched a National Task Force to promote local-currency transactions (LCT). "Bank Indonesia is confident that the National LCT Task Force will be an effective coordination forum to strengthen policy synergy between government ministries and agencies in an effort to increase the use of local currencies in bilateral transactions between Indonesia and major trading partners," ——Governor of Bank Indonesia, Perry Warjiyo.
🔹Indonesia's confidence in the National LCT Task Force isn’t just about currency; it’s about forging stronger, more independent bilateral ties with global trading partners. The gov't and Bank Negara Malaysia 🇲🇾 will continue to expand the Local Currency Settlement Framework (LCSF) cooperation with Indonesia.
🔹Meanwhile, new revelations reveal that the US's🇺🇸 National Endowment for Democracy (NED), a notorious CIA front, is laying the foundations for a color revolution in Indonesia 🇮🇩 under the aegis of “democracy promotion.” The NED is covertly encouraging and bankrolling the activism of opposition parties and trade unions while cementing its graduates of NED training programs ahead of the Feb. 2024 presidential elections. Some of the same tactics the NED employed in Ukraine's 🇺🇦 Maidan 2014 coup.
🔹Last month, Vietnam🇻🇳 joined ASEAN members Indonesia, Malaysia, Thailand 🇹🇭, the Philippines 🇵🇭 and Singapore 🇸🇬 to establish cross-border payments mechanisms through the Regional Payment Connectivity initiative.
🔹Indonesia plans to use local currencies in bilateral trade with India🇮🇳 . In May, South Korea 🇰🇷 and Indonesia signed a MoU to cooperate on promoting the use of their currencies for bilateral transactions. The Bank of Indonesia is working on its own domestic card payment system as part of a strategy to reduce dependency on foreign systems and protect transactions from geopolitical fallout.
Video source - SEA Today News
🔹Indonesia's confidence in the National LCT Task Force isn’t just about currency; it’s about forging stronger, more independent bilateral ties with global trading partners. The gov't and Bank Negara Malaysia 🇲🇾 will continue to expand the Local Currency Settlement Framework (LCSF) cooperation with Indonesia.
🔹Meanwhile, new revelations reveal that the US's
🔹Last month, Vietnam
🔹Indonesia plans to use local currencies in bilateral trade with India
Video source - SEA Today News
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Forwarded from Intel Republic
🇳🇪🇺🇸❌ US will not withdraw its armed forces from Niger - Pentagon chief Lloyd Austin.
🗣 "France made its own, independent decision based on its own reasons, and it is up to France to comment on that decision. As for our forces in Niger, we have not made any significant changes to their operation," he says.
Earlier, Macron agreed to the ask of the new anti-colonial powers in Niger & withdraw French troops.
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🗣 "France made its own, independent decision based on its own reasons, and it is up to France to comment on that decision. As for our forces in Niger, we have not made any significant changes to their operation," he says.
Earlier, Macron agreed to the ask of the new anti-colonial powers in Niger & withdraw French troops.
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About the only Christian community in America that seems even remotely close to Muslim levels of seriousness about their religious values is the Amish, and they can only maintain that by being completely cut off from the modern world.
But yeah, I guess if they asked us to help raise a barn or something, there's room for allyship.😏
But yeah, I guess if they asked us to help raise a barn or something, there's room for allyship.😏
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