EU and Eurozone GDP, first quarter 2012: German growth due to exports and… a rise in government consumption!
Today, Eurostat published data on first quarter GDP in the Eurozone and the EU. Some cherries: * an increasing number of countries has slipped into a technical recession (two subsequent quarters in which seasonally adjusted GDP declines). Newcomers: Czech Republic, Spain, the UK and Romania. They join Cyprus, Ireland, Italy, the Netherlands, Portugal, Greece, Denmark, [...]