THE economic recovery from the 2007-9 recession has been a slow one in the United States, prompting much grumbling.
Off the Charts: Measuring Recoveries
But at least the recovery is continuing. Figures released this week showed that many European countries have entered new recessions, and that the slowdown is spreading from the peripheral countries of the euro zone to others. Belgium and the Netherlands are among the nations that reported their economies were smaller in this year’s second quarter than they were a year earlier. In Finland, which like the Netherlands had been among the loudest in calling for austerity in the peripheral countries, the economy shrank in the quarter.
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