Tuesday, August 14, 2012
Today's European growth numbers are pretty much in line with the ones I reported about last quarter. Most of northern/central Europe continues to grow with growth being highest in the Baltic countries, Slovakia and Sweden. The exception to that rule includes Britain, Hungary, Czechia and Belgium whose economies are contracting just like southern Europe whose deep slump continues (Spain's 1% yearly drop is actually comparatively well for the region). The main difference compared to last quarter's number is that Finland is doing worse while Holland is doing better.