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.
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
After a historically awful beginning to 2009, the European Union had a surprisingly strong second quarter with Germany and France even recording positive growth. Now wait -- I thought the recession in Europe was supposed to be worse... Read Post