Tuesday, May 15, 2012

Not All Of Europe Is In A Recession

While Greece in particular, and southern European countries in general remains in a slump, Slovakia, Finland and the Baltic countries are booming, with 5.5% growth in Latvia, 4.3% in Lithuania, 4% in Estonia, 3.2% in Slovakia and 2.9% in Finland.

By contrast, the country that used be in a union with Slovakia, Czechia, has however fallen into a recession and so have Britain, Hungary and Holland, and as stated above various southern European countries.

Some countries including Ireland, Poland, Denmark and Sweden haven't reported first quarter growth.