• 656 days Will The ECB Continue To Hike Rates?
  • 657 days Forbes: Aramco Remains Largest Company In The Middle East
  • 658 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,058 days Could Crypto Overtake Traditional Investment?
  • 1,063 days Americans Still Quitting Jobs At Record Pace
  • 1,065 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,068 days Is The Dollar Too Strong?
  • 1,068 days Big Tech Disappoints Investors on Earnings Calls
  • 1,069 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,071 days China Is Quietly Trying To Distance Itself From Russia
  • 1,071 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,075 days Crypto Investors Won Big In 2021
  • 1,075 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,076 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,078 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,079 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,082 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,083 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,083 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,085 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Ian Campbell

Ian Campbell

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world…

Contact Author

  1. Home
  2. Markets
  3. Other

Q1 2012 Europe and Eurozone GDP!

Why Read: Because in our fiat currency world continuing GDP growth is of huge importance.

Featured Article: An article earlier this week reported GDP growth for both the 17 country Eurozone and the 27 country European Union was 0.0% in Q1 2012. The European Union includes the 17 Eurozone countries.

An accompanying PDF breaks that GDP growth down by country. That breakdown reports that in Q1 2012 five of the thirteen Eurozone countries for which data is available, and four of the seven non-Eurozone European Union countries for which data is available suffered negative growth, as shown in the following table. The table also shows reported Q1 2012/Q1 2011 comparisons:

 

  Q1 2012/Q4 2011 % chg 2012/2011 Q1 % chg
Eurozone    
Cyprus -0.3 -1.4
Greece n/a -6.2
Italy -0.8 -1.3
Netherlands -0.2 -1.3
Portugal -0.1 -2.2
Spain -0.3 -0.4
     
European Union    
Czech Republic -1.0 -1.0
Hungary -1.3 -1.5
Romania -0.1 +0.8
United Kingdom -0.2 0.0

 

Q1 2012 GDP currently is unavailable for four of the seventeen Eurozone countries, and for three of the ten EU countries.

Commentary: The negative growth numbers set out in the following table have to be significant. Economic recover depends on real (inflation excluded) GDP growth. The Q1 2012 reported GDP results are indicative of likely continuing near-term economic deterioration, particularly for those countries experiencing negative Q1 2012 GDP numbers. A cynic might consider whether the overall Eurozone and EU Q1 0.0% GDP growth rates were somehow contrived, although one would like to think that is not so.

Eurozone and EU country specific GDP is something to follow closely in the coming weeks, months and quarters.

Eurozone GDP Growth: 0.0%
Source: Business Insider, Joe Weisenthal, May 15, 2012
Reading time: 5 minutes, thinking time longer

 

Back to homepage

Leave a comment

Leave a comment