Review: The GDP for Europe released yesterday showed that Europe is in recession despite small positive surprises in Germany and France. The decline in growth was, however, marginal and even minimal changes in GDP at the upcoming correction may change the picture, yet without this having any effect to speak of on the financial markets. The most important signal is that Europe is slowing down and that the slowdown takes place in Northern Europe as well as Southern Europe – which we are also
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Quiet day ahead
