Few charts to summarise the continued problems with growth in euro area and the 'peripheral' states:
First, consider changes in real GDP on pre-crisis peak:
Next, the weakest link in the euro area: Italy. This is really woeful - since hitting absolute lows, Italian economy continued to decline, steadily and with little sign of improvement.
The above also shows the miserable state of the euro area as a whole.
Another chart, to show changes on crisis-period absolute lows:
Note: the first 2 charts reference index to 2005=100, the last one references index to Q4 2006=100.
Post a Comment