May
12

Emerging Europe

eurozone_1While it has taken 8.25 years, inflation-adjusted GDP in the 19 country Eurozone (not to be confused with the 28 nation European Union) is back where it was on 1/1/08! Among the largest nations, Germany is tops, with its GDP up 5.5%; French GDP is up 3.5%. Conversely, Spanish GDP remains 3% down and in Italy, GDP is off 9%! Here in the US, GDP is up 10%.

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