Graph of the Day for May 29, 2010

By Randall Hoven

"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.

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