Posted on 09/17/2017 4:37:32 AM PDT by Oshkalaboomboom
It was a story few predicted: the eurozone is growing faster than the United States. When Jean-Claude Juncker gave his annual state of the union speech on Wednesday last week, Europe’s booming economy was near the top of his list. Ten years since the crisis struck, “Europe’s economy is finally bouncing back,” the European commission president told MEPs. Detailing the economic resurgence, but also referring to the EU’s newfound unity after Britain’s vote to leave, Juncker declared: “the wind is back in Europe’s sails”.
In fact, growth in the 19-country eurozone has quietly outshone the US for the last two years. The latest annualised growth numbers show the single currency bloc growing at 2.3%, compared with 2.2% for the world’s largest economy. Eurozone unemployment has fallen to the lowest level since 2009, while factories are humming again, with production up 3.2% on last year.
The upturn in fortunes is likely to continue, says James Nixon, chief European economist at consultancy Oxford Economics. “The euro area has done a lot of work over the last decade to get its house in order and also a lot structural reform. That has been an extraordinary, excruciatingly slow process but it is starting to bear fruit.”
The eurozone might be doing better, but the crisis has left deep scars and many wounds are far from healed. In France, the economy is expanding at an annualised rate of 1.7%, fuelled by confidence in French president Emmanuel Macron and his reform agenda, but growth continues to lag the eurozone average. Germany’s economy remains solid, but Germans are increasingly worried about inequality and low-wage jobs. Spain has bounced back from the crisis, but inequality is rising and unemployment remains painfully high at 17% - second only to Greece. Italy’s economy is doing better, but worries remain.
(Excerpt) Read more at theguardian.com ...
2.3% versus 2.2% is considered a significant difference? And who was the US president for the bulk of that time? I don’t think they’ll be crowing so much this time next year, do you?
The Guardian left a bit out.
Statistical games played via cherrypicking slices of time as well as the whole taking credit where no credit to the whole is due.
The EU appear worried that all the positive economic news emanating from the US since the advent of the Trump administration somehow threatens them with further defections.
So, they cook not just their numbers but cook the US numbers as well, saddling the resurgent Trump era with enough Obama malaise to drag economic performance down below their level.
Cute trick, probably works on the ignorant, which is the majority of the populace in both the EU and the US anymore, unfortunately.
Economic activity created by all the free welfare, housing, medical care and other handouts provided to millions of Europe’s parasitical muslim invaders?
Eurozone is growing a bit faster than UK this year. The U.K. outgrew the Eurozone last year. The differences are small and might not be larger than the imprecision in measurement.
So, take your pick:
[a] proves Brexit was incorrect
[b] proves Climate Change is real
[c] proves Elvis is alive
[d] proves Hillary is the smartest person in the whole wide world
Here’s the problem: wait a year and see if the reverse is true. 13 years of no CAT 4 or higher hitting the U.S. didn’t disprove climate change, and a year in which two CAT 4’s hit the U.S. doesn’t prove it either.
No mention of the Muslim invasion and the burden of supporting these non assimilating lazy a##es
Europe didn’t have to contend with Obama’s eight years of Anti-American rule which devastated economy, military, culture, etc.
Under Trump’s leadership things will soar.
Hangover from 8 years of anti-business Obama policy. Revisit this in 18 months.
Fake news
If the EU Zone utilized the same unemployment figures as does the US this would be nearer to o.09%. Hell, they can’t even pay their share of NATO defense spending - OR CAN THEY NOW?
Sorry Google only allows one response per question.
Goat sales sharply on the rise?
The only things booming in Europe are islamic bombs.
Actually I have been looking into US vs Euro unemployment data for over 20 years. The Euros are much more honest, since 2001 anyway, and especially since 2009.
Their cited rates are much more likely to track the population employment rate (people with jobs/all adults); etc. The Germans, British and Dutch among others have very high population employment rates vs the US these days. France and Spain and Italy are lower, and always have been, a combination of high youth unemployment and relatively lower female participation in the (official) labor force.
Unemployment in Belguim gives somelaid off 5-years of unemployment before they hit the official unemployment roles; same if you are discharged for cause one also gets a 5-year severance from the Government - the same in the Netherlands (I know I worked there for the US Army and fired local nations in both countries and USG had to pay 5-years salary after discharge - the unions are strong).
So when you read that employment is up in the EU, understand you can coast for 5-years before your money actually dries up; most in this situation work secondary barter jobs or half-price laborors....
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