Economic Growth: A Rickety Rebound
August 17, 2013
“The dog days of August have often spelled trouble for the world economy. In 2011 America’s politicians flirted with default and the euro seemed to be heading for collapse. The summer of 2012 brought another bout of euro angst and depressing evidence that many emerging economies had stalled. But so far this season the good news has outweighed the bad.
After a year and a half of recession, the euro area’s economy has begun to grow again. Its GDP rose at an annualized rate of 1.1% in the second quarter.”
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