Tuesday, May 15, 2012

Eurozone Q1 GDPs

Eurozone GDP in Q1 was reported as flat y/y, which was better than expectations.  Below is the list of GDPs of component countries.  Greece GDP is lower by 6% y/y, while Portugal is 2.2% lower and Spain is only down by 0.4%.  For comparison the most that US GDP was down y/y in the financial crisis was ~5%.

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