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:
1 comment:
well, what does it mean in words?
how long will keep this situation? is it wise now to look for a new job?
what is your personal opinion - how many years are needed to overcome this crisis?
thanks
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