September 5, 2014

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.

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We’ll say it loud and clear: No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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