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High-Tax Europe Heading into another Great Depression

About half the European continent is now technically back in recession, and when all the numbers come in it is very likely that France and Germany will be added to that list. Europe is of course an integrated economy so the recession is spreading even to the relatively healthy eastern periphery (though remarkably, Estonia is still booming). Euro-zone unemployment is now higher than it has been in 15 years, with much of the pain felt by young people.
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The Good News Is That The European GDP Numbers Weren't As Bad As Expected

Business & Finance : Business Insider: Clusterstock (2 years ago)

Europe's largest economies reported their Q3 GDP growth numbers. Here's a tally via Bloomberg: Germany: +0.2% (+0.1% est.) France: +0.2% (0.0% est.) Italy: -0.2% (-0.5% est.) Spain: -0.3% (-0.3% est.) Please follow Money Game on Twi... Read Post

Brazil exits recession

Business & Finance : Business Report (3 hours ago)

Brazil's economy grew 0.1 percent in the third quarter compared with the second, crawling timidly out of recession. ||| Brasilia - Brazil's economy grew 0.1 percent in the third quarter compared with the second, crawling timidly out... Read Post

Welcome to the zero lower bound, Europe. We’ve been waiting for you!

Business & Finance : Ezra Klein (2 years ago)

Europe is a mess, with a handful of Southern European countries in depression and many of the other nations on the continent in recession. Inflation has been exceptionally low, even in economically strong Germany. So it would be a g... Read Post


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