Thursday, November 15, 2012

Negative Economic Growth In Europe

Economic growth in Europe was negative for the second consecutive quarter.  Technically, that is the definition for a recession.  Some expect negative growth in the next quarter as well.  The report includes some specifics on national level growth.  Eastern countries like Latvia and Lithuania reported positive growth and so did Germany.  Other countries like the Netherlands and Austria, which had been growing, have experienced declines.

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