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May 29, 2010
Graph of the Day for May 29, 2010
"This gets at a theme I've written about in the past, and will surely return to: a lot of the American image of Europe as a moribund economy is, like, so 1990s. They're doing better now - and we're doing worse." Paul Krugman, January 2008.
Declines in Real GDP (%) During the Great Recession
Source: IMF World Economic Outlook, April 2010.
Hoven's Index for May 29, 2010
Real GDP growth from 1992 to 2001, average annual rate:
Australia: 3.8%
Norway: 3.6%
US: 3.5%
Spain: 3.0%
Netherlands: 3.0%
UK: 2.9%
Advanced Economies: 2.8%
Greece: 2.5%
Sweden: 2.2%
Euro Area: 2.1%
France: 2.1%
Germany: 1.7%
Italy: 1.6%
Japan: 0.9%
Source: IMF World Economic Outlook, April 2010.
Graph of the Day Archive.