Euro Area Economy Is Even Worse Than Ours


Would you like some more dreary economic news? No? Too bad. The latest GDP report for the euro area is in, and GDP was flat compared to Q1 and up only 0.7 percent compared to last year. This comes on top of news from a few days ago that euro-area inflation is down to 0.3 percent, which is dangerously close to deflation territory. The basic GDP chart is below.