Tag: economic history
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Germany’s Recession: Impact on Consumer Spending and Economic Outlook
Germany has fallen into a recession due to the energy price shock of last year, which has impacted consumer spending. The Federal Statistical Office has downgraded its previous estimate of zero growth in gross domestic product (GDP) compared to the previous quarter. Claus Vistesen, chief euro area economist at Pantheon Macroeconomics, believes that the shock…
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Angus Maddison and His Contributions to Economic History: Measuring and Comparing Economic Growth Across Countries and Regions Over Time
Angus Maddison was a prominent British economist and economic historian known for his significant contributions to the field of international economic history. His work focused on measuring and comparing economic growth across countries and regions over long periods of time, using data from his comprehensive Maddison Project Database. Maddison’s research on India, China, and the…