Chart of the Day: Growth!

By Edward Harrison On Mar 7, 2012

The chart below tracks the economy of the United States and selected European economies, demonstrating the varying impact of the financial crisis there. March 2007 is the reference point where Real GDP is re-based at 100.

You can see from the chart, that the US had the sharpest fall in GDP through March 2009 when the policy response finally kicked in and the economy began to grow again. After that time, Greece, Ireland and Italy were the worst performers, with Greece showing the most marked deterioration from April 2010. Switzerland, the Netherlands and Germany have performed the best.

Sources: Deutsche Bank, GFD, FT Alphaville (Reflections on the crisis, thus far…)

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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