Economic Decline Deepens in Europe
June 24, 2009
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A full-scale recovery in world trade and foreign investment may be slowed by the sluggish economies of Europe. The recessions in the European Union, as well as the United Kingdom and Japan, appear to be turning into deeper and longer ones than the United States has been having, reports Anthony Faiola of the Washington Post. In May, Great Britain reported the steepest economic quarterly decline in 30 years.
In comparison, the economic downturn in the United States, whose financial crisis led to a global recession, is turning into a more measured decline. The pace of job losses has eased and financial markets are showing signs of reviving.
The 27-nation European Union accounts for almost a quarter of the world’s economic activity. Its slow emergence from the financial crisis may slow recovery around the globe.
You can track economic conditions in the European Union and for individual EU members using this interactive map
from the Dutch news site NRC. The map shows figures for all the member states by year and quarter. It also lets you compare them by budget deficit, unemployment rate, national debt and economic contraction.Battle for the Planet of the Apes movie full Missing Lynx buy
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