• 168 days Will The ECB Continue To Hike Rates?
  • 169 days Forbes: Aramco Remains Largest Company In The Middle East
  • 171 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 570 days Could Crypto Overtake Traditional Investment?
  • 575 days Americans Still Quitting Jobs At Record Pace
  • 577 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 580 days Is The Dollar Too Strong?
  • 580 days Big Tech Disappoints Investors on Earnings Calls
  • 581 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 583 days China Is Quietly Trying To Distance Itself From Russia
  • 583 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 587 days Crypto Investors Won Big In 2021
  • 587 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 588 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 590 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 591 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 594 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 595 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 595 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 597 days Are NFTs About To Take Over Gaming?
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
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