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