{"id":351,"date":"2010-02-12T09:24:00","date_gmt":"2010-02-12T14:24:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=351"},"modified":"2018-08-21T09:12:54","modified_gmt":"2018-08-21T13:12:54","slug":"the-anemic-economic-growth-of-the-eu","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/02\/12\/the-anemic-economic-growth-of-the-eu\/","title":{"rendered":"The anemic economic growth of the EU"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Fourth quarter 2009\u00a0GDP in the EU grew at a very anemic 0.1% relative to the third quarter of 2009.\u00a0 That is the same growth rate as in Great Britain in the fourth quarter.\u00a0 What&#8217;s more, when compared with growth the previous year GDP actually shrank 2.1%.\u00a0 Not only that, but only<\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong>Analysis:<\/strong> Yet another time on the blog when I am going to say: &#8220;This is not good news, folks.&#8221;\u00a0 The EU is technically the second largest economy in the world after that of the U.S.\u00a0 For it to post such an anemic rate of economic growth despite record levels of government stimulus is very bad news.\u00a0 The governments in Europe have used about as much debt as they can before risking the solvency of their nations.\u00a0 That&#8217;s also why they don&#8217;t really have the capability of bailing the Greeks, Italians, Portuguese and Spanish out.\u00a0 From here on out economic growth is going to have to happen by businesses innovating and then hiring folks.\u00a0 That will lower unemployment and increase the confidence of European consumers.\u00a0 However, <em>real<\/em> economic growth takes time and an innovative spirit.\u00a0 Unfortunately, traditionally Europe doesn&#8217;t have much of either at this moment.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">[Today&#8217;s news also makes all the more absurd the EU promise to Greece yesterday.\u00a0 No details were ever released other than that &#8220;a plan had been agreed to.&#8221;\u00a0 That plan&#8217;s very few details boiled down to: We are watching Greece.\u00a0 And the financial markets rallied on that?]<\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong>Importance Grade:<\/strong> 9; when the second largest economy in the world grows only by an amount well within the statistical margin for error at the end of the worst recession since the Great Depression, it is not a good sign and it bears continuous monitoring.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fourth quarter 2009\u00a0GDP in the EU grew at a very anemic 0.1% relative to the third quarter of 2009.\u00a0 That is the same growth rate as in Great Britain in the fourth quarter.\u00a0 What&#8217;s more, when compared with growth the previous year GDP actually shrank 2.1%.\u00a0 Not only that, but only Analysis: Yet another time [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-351","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=351"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/351\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}