All Posts Tagged With: "bad luck"

Bad Luck Or Just Plain BAD? A Friday 13th Tale Of Eurozone Economic Despair

If you believe in that kind of stuff, Friday 13th turned out to be unlucky for the Eurozone economies.

In truth, the rot had set in long before today.

The region’s official economic reporting agency, Eurostat, said this morning that the 15 Eurozone nations (although it’s now 16 countries, with Slovakia officially joining on January 1 this year) combined to post a 1.5% fourth quarter decline – the worst performance since Eurozone GDP reporting began in 1995.

Compared with the fourth quarter of 2007, the Eurozone GDP fell by 1.2% – the first contraction over a 12-month period in the region’s history.

I don’t…

16Feb2009 | Smart Profits Report | 0 comments | Continued

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