Friday, August 14, 2009 ... Deutsch/Español/Related posts from blogosphere

Czechia, France, Germany out of recession

Despite the chatter about a very great depression - an event that some people dream about in their quest to deconstruct capitalism - the numbers speak a very different language.

The quarter-on-quarter GDP growth has been just reported to be positive in Q2 of 2009 by three Central and Western Europe countries. Czechia, France, and Germany saw a 0.3% growth each. Unfortunately, the same figure in Italy, the U.K., and Spain were negative: -0.5%, -0.8%, and -1.0%, respectively.



The current year-on-year figures remain negative but it's likely that the "very great depression" is actually turning out to be the shortest possible recession that deserves this modest name, namely two quarters. I am sorry but these events don't look like a justification for any further distortion of the markets.




Off-topic but fun: Beethoven's fifth sushi (with English subtitles)

Add to del.icio.us Digg this Add to reddit

snail feedback (0) :

(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-1828728-1', 'auto'); ga('send', 'pageview');