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Belgium
Who's boosting Eurozone GDP growth?
The answer may surprise many – because it’s a country without a government.
WHAT COUNTRY IS boosting the Eurozone GDP growth average?
The answer, as Business Insider reports, may surprise you.
It transpires that it is Belgium, with a GDP average of 0.7 per cent, boosting the Euro average to 0.2 per cent.
The reason this is of note is that Belgium has not had a government for 15 months.
The New York Times notes that growth in the eurozone has fallen to its lowest rate since mid-2009 – but Belgium’s growth average saves the overall average from plummeting.
The UK has a GDP growth average of 0.2 per cent while France’s is just 0 per cent.
GDP increased in both the euro area and the EU27 during the second quarter of 2011, Eurostat reports.
When seasonally adjusted, the GDP increased by 1.7 per cent in both zones in the second quarter of 2011 compared to the same quarter of the previous year.
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