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GDP growth in Eurozone remains poor
Aug 20, 2013

Today's chart highlights how the developed world has fared in terms of GDP growth since the pre-recession levels of 2007-08. And the picture does not look that encouraging. Barring the US and Germany, which have seen higher GDP growth since then, the rest of the countries still have some catching up to do. Eurozone, infact, has been hit the hardest. Other than Germany, almost all other countries have yet to recover. The ones that have been among the hardest hit are Spain and Italy. These are also the countries which have been burdened with massive debt, rising unemployment and likely bankruptcy. Hence, it is hardly surprising that the road to recovery for the Euro area will be a long and painful one.

Data Source: The Economist

This Chart Of The Day was published in The 5 Minute WrapUp - When the will to eliminate corruption goes missing...

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