Saturday, August 17, 2013

Recovery in the US and Europe

Yep, the recovery has not been great in the US, with employment levels still below the previous peak. But compared to Europe (see graph below; source here).
The Euro Area is 3% below the previous peak, while the US is slightly more than 4% above. The magnitude of the collapse in Europe is incredible. Note that Germany, the successful European story, is far from good.

1 comment:

  1. Good to see that the Slovenian austerity success story is so far up the table... oh wait a minute...

    ReplyDelete

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