February 18, 2013
North Asia Is Following the Eurozone Down
Gordon Chang, Forbes
The 17-nation eurozone contracted 0.6% in Q4 2012 on a quarterly basis, worse than expected. Germany was down 0.6%, France off 0.3%, Italy fell 0.9%. Don’t ask about Spain, Portugal, or Greece.
Yes, the European currency bloc looks like it’s faltering, but everything knows Asia will keep the global economy humming.
TAGGED: Recession, Eurozone, Asia