Monday, August 3, 2020 |
Tag Cloud Tags:
Economy,
EU,
Euro,
Europe,
European Union,
News,
Trade,
Wall Street,
Worthy News |
Learn about out FREE SYNDICATION
(Worthy News) – The Eurozone suffered its greatest contraction on record, exceeding the U.S. economy’s record plunge.
A report by the European Union’s statistics agency published a report on Friday that showed the trade zone’s GDP contracted by 12.1 percent during the three months through June, which is equivalent to 40.3 percent annualized. That exceeded the U.S. economy’s equivalent 32.9 percent contraction, the Wall Street Journal reported. While most countries report GDP changes between quarters, the U.S. extrapolates GDP over a full year, which makes it easier to compare GDP in different time periods.
The contraction marks the greatest drop in the Eurozone’s GDP since records began in 1995. The largest drops were concentrated in April and May during the most severe lockdown measures in some countries. [ Source: Fox News (Read More…) ]
We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
