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  Check Out Brian Wesbury's Latest Piece in the Wall St. Journal
Posted Under: Europe • GDP • Government • Spending
Behind the Global Growth Slowdown

'Austerity' isn't the problem. Eurozone governments are spending more now as a share of GDP than before the crisis.

Global stock markets are falling, and most of the blame is placed on Europe. German factory orders fell 5.7% in August, real GDP is stagnant or falling in many European countries, Standard & Poor's has downgraded France to AA from AA+, and the International Monetary Fund and the Organization for Economic Co-operation and Development are reducing growth estimates.

All of this is setting off a cascade of fear and pundits are begging governments to "do something." Yet this is not like the panic of 2008, and the slowdown in Europe is not new news; instead it is the "old normal."

Click here for full article (WSJ Subscription Required)
Posted on Wednesday, October 15, 2014 @ 8:51 AM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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