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General Category => Off topic => Topic started by: Moonraker on August 17, 2013, 04:21:32 pm

Title: How economies have fared since their pre-recession peaks
Post by: Moonraker on August 17, 2013, 04:21:32 pm

Among the big euro-zone economies only German GDP now exceeds its pre-crisis peak, by 2%. A recent European Central Bank survey forecast that GDP for the whole of 2013 would be 0.6% lower than in 2012, and that it would grow by only 0.9% in 2014. The end of the recession will give heart to European leaders but weak growth will still leave the euro area vulnerable to social and political discontent. (Source: The Economist)