EU double dip recession
source: http://www.telegraph.co.uk/finance/debt-crisis-live/9679140/Eurozone-in-double-dip-recession...
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"The negative sentiment in stock markets continued for another session today as investors continue to grapple with two major concerns overshadowing financial markets. The economic data today made for pretty grim reading too on both sides of the Atlantic with this morning seeing UK retail sales plummeting in a sure sign that following a splash out during the Olympics, British consumers are now tightening their belts significantly. Confirmation that the eurozone is back in recession was also made official today and even though the specific numbers aren’t what’s really important, it’s the fact that growth is anaemic across large swathes of continental Europe at a time when austerity is being implemented making things even worse. On the other side of the pond the weekly jobless claims came in far higher than expected although this was mainly in part due to the disruption caused by Hurricane Sandy..."
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- groups:
- Greatest Depression
