Friday, October 28, 2011

28/10/2011: Euro area - growth drop out

Chart of the day today, folks is the index of quarterly real growth rates in Asia-Pacific's Advanced Economies against those in the US, UK and Euro area...
Oh, and yes, you read it right - Japan and Euro area are the two drop-outs from global growth picture since 1995. Then again, the dropping-out became even more pronounced in the current crisis. So all that price-stability... hmmm... it really pays off.

And even low interest rates were of little help for Euro area:

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