Europe Grows Apart

by Thomas Cooley, Ben Griffy, and Peter Rupert Second Quarter data for 2015 are now trickling out of Eurostat. What we see is encouraging evidence of recovery for the major producing countries but a continent that is moving apart. Prior to the financial crisis and the Great Recession the economies were largely growing together but […]

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A European Rebound?

by Zach Bethune, Thomas Cooley and Peter Rupert The recent news from Europe has been much more optimistic about a budding recovery for most Europe and the Eurozone. The dramatic decline in the value of the Euro against the dollar and the beginning of  the ECB’s program of quantitative easing has sparked optimism about the […]

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Europe’s Lost Decade?

by Zach Bethune, Thomas Cooley, Espen Henriksen, and Peter Rupert Is Europe about to repeat Japan’s lost decade? Six years after the Great Recession began, the Euro area has shown little sign of sustained growth. Japan’s so called lost decade began in 1991 after several decades of rapid economic progress and sustained increases in asset […]

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European Woes

Weakness Across the Board Real GDP has declined in all of the European countries shown below for the last quarter of 2012; and, all countries except Germany remain below the level of real GDP five years ago. German real GDP declined after relatively solid growth over the past several years.  Real GDP in Spain and […]

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Europe on the skids?

GDP data for 2012 Q4 is scheduled to be released mid-February, here is the schedule. Recent news and notes from the blogs suggests that the German economy has slowed and may continue to do so, promoting fears of a slip back into recession territory. In terms of labor market outcomes, Germany remains the only country […]

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EU Back in Recession

One of the remarkable features of the current economic distress that began in late 2007/early 2008 is the extent to which the initial collapse was common across economies (including the U.S.) in both timing and severity.  What is not common is the path of recovery as the following analysis shows. The U.S. now looks to […]

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