Eurozone business activity almost flat again in June
Eurozone business activity almost flat again in June
www.france24.com
Eurozone business activity almost flat again in June
"The eurozone economy is struggling to gain momentum. For six months now, growth has been minimal, with activity in the service sector stagnating and manufacturing output rising only moderately," Cyrus de la Rubia, chief economist at Hamburg Commercial Bank.
"In Germany, there are signs of a cautious improvement in the situation, but France continues to drag its feet".
The expansion in the 20-country currency area was centred on the manufacturing sector, where production increased for the fourth successive month, according to the survey.
Growth is very slow? That does'nt sound too bad, as it probably mean we're not having a larger negative effect on the environment and climate.
It's more relevant to look at which sectors are growing vs shrinking. Ideally the most polluting sectors would be the ones shrinking.
Maybe it's time to banish the myth of infinite growth once and for all? Maybe? Nah?
Western civilizations attach success to the wrong factors. I hate the idea of rapid business growth being necessary to be considered successful.