Thursday, February 14, 2013

Latest EU GDP Readings Confirm: The Region Is Doing Poorly



The top graphs shows that on a quarter to quarter basis, the region has been performing poorly for the last five quarters.  The graph above shows that 9 countries have been contracting on a percentage change from the preceding year and three additional countries have been contracting for three quarters on the same basis.

There is nothing good in these numbers.

Link