The latest news on Germany’s economy doesn’t look good. According to data released today, German factory orders contracted in November, ending three consecutive months of growth. The primary culprit for the 1 percent decline was the eurozone, where orders contracted almost 12 percent. Domestic orders and orders from countries outside the eurozone, on the other hand, increased by 2.4 percent. (The last time German factory orders contracted, in July, demand outside the eurozone registered the biggest drop.) While the decline, especially from the eurozone, isn’t exactly comforting, rising demand at home and beyond the eurozone is welcome news for Germany. Still, the trajectory since the beginning of last year is pointing in the wrong direction, even if the situation isn’t imminently dire.
Bolton walks back the U.S. withdrawal from Syria. U.S. President Donald Trump’s admittedly hawkish national security adviser, John Bolton, said the U.S. withdrawal from Syria would depend on