Is Europe going to have a double dip recession in Q3 of 2012?
Making predictions of these kind of things can be dangerous, but I believe there will be an intended collapse towards the end of the year. The world has been in a depression since '08.
With the best performing economy (Germany) lowering growth expectations and the current issue of Greece, in which even with a "deal" on this bailout, they will need to be another bailout of Greece, because their economy is so poor that it is not generating sufficient tax revenue. Then there is Spain and Italy, whereupon Spain has an unemployment rate over 20 percent and Italy is no better. France, however is a bright spot, where GDP was 0.9 percent between January through March. France is the second largest economy in the Europe and the 5th largest world economy, but they too are subject to the same constraints as all other countries.
But in the end, unemployment and lower tax collections coupled with exploding monetary printing, artificially low interest rates (England is maintaining a 0.5% rate) money and government spending will eventually result in another recession. So logically, predicated on economic realities, there is not a reasonable expectation to believe that a European double dip recession is not inevitable.
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