G20 focus – looks like a non-event

Review: Poor European growth figures caused unrest in Europe Europe: The European growth figures were disappointing reading. Overall, GDP declined by 0.6% in Q4 (estimate: -0.4%). We saw disappointments across the board. The worst performer was the Italian GDP that declined by no less than 0.9% in Q4 and thus by 2.9% for full-2012. If we look at the Italian GDP in EUR, 12 years’ Italian growth has been squandered! We have to go back to the year 2000 to find a total Italian GDP corresponding to

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G20 focus – looks like a non-event

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