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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