Macroeconomics

 The headlines continue to be dominated by the same events in politics and economics.

We continue to see the geopolitical situation as quite dangerous. The thought of a possible military confrontation may seem extremely remote for most people in Europe, but the risk has clearly increased. At the moment, of course, we all still assume that the problem will be resolved diplomatically, and that should be everyone’s hope and aspiration.
Recent missile tests in North Korea may not seem like an immediate threat either, but it is further proof that political leaders can reach strange decisions without too much notice.

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