Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

The Eurozone Enters Its Longest Ever Slump

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Joe Weisenthal
Business Insider
May 15, 2013

Fresh European GDP data is out today, and it reinforces what a terrible slump Europe and the Eurozone are in.

GDP in the quarter shrank 0.2%, which is worse than the 0.1% shrinkage that had been expected.

From Eurostat:

GDP fell by 0.2% in the euro area (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2012, growth rates were -0.6% and -0.5% respectively.

Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 1.0% in the euro area and by 0.7% in the EU27 in the first quarter of 2013, after -0.9% and -0.6% respectively in the previous quarter.

The individual, by country numbers, are quite depressing.

Italy and Spain both saw GDP drop 0.5%.

  • A d v e r t i s e m e n t

Germany which, you know, is the “strong man” of Europe only saw 0.1% growth. French GDP fell 0.2%.

The good news in Europe, at least, is that the anti-austerity chatter is taking hold, so perhaps green shoots are due.

The bad news is that this is now the Eurozone’s longest-ever slump.

This article was posted: Wednesday, May 15, 2013 at 5:37 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

The Truth About Soy Boys See the rest on the Alex Jones YouTube channel.

The Truth About the Sex Abuse Scandal See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/FTSvLKY7HEk https://www.youtube.com/embed/BjUnC7-PDWI

© 2017 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.