The very slow European recovery

The German economy is only about five percent bigger today than in 2008.  And they are usually considered one of the winners.

In Finland gdp has shrunk in eight out of the last twelve quarters.

Output in France, Italy, Netherlands, and Austria is just barely growing.

And that is with a lot of QE (more than a trillion), a weaker euro, and a favorable oil price shock.

Overall the eurozone economies are one percent smaller than they were in 2008.


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