Click on all images for a larger image.
The following charts and graphs are from Eurostat:
The percentage change from previous quarters and the same quarter a year ago are all decreasing. Decreasing GDP means
Increasing unemployment, which leads to
Decreasing retail sales, which leads to
Declining industrial production.
And -- this scenario is leading to possible deflation. In the chart below I have blocked off the countries that look to be moving toward deflation:
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