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.
The Eurozone's composite PMI just came in at 51.4, the lowest in 16 months. That's after some unexpectedly poor numbers for Germany. The major business survey is pointing to a significant slowdown in Europe. Analysts had expected th... Read Post
World stocks extended losses as evidence suggested both the Chinese and European economies were slowing. ||| London - World stocks extended losses on Thursday as evidence suggested both the Chinese and European economies were slowin... Read Post