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.
by seanorjohn7 years ago
Do you think a conservative government would lead us back into a recession?
by John Coviello6 years ago
Do You Think The World Economy Will Be In Recession in 2012?
by JosieLee6 years ago
Do any of you believe that the economy will get better in 2012?
by Ralph Deeds6 years ago
Floyd Norris, NYT chief financial writer thinks so.It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting...
by cliffordh7 years ago
I was one of many individuals yesterday that, was disappointed in the Senateâ��s refusal to fund emergency unemployment benefits for millions of Americans across the country who, were in desperate need of it, using...
by Lawretta Ikenga8 years ago
How long do you think this would last.I Can't take it any more. It is invading my job. it is turning the country up, side and down.
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.