Monday, March 11, 2013
The graph shows the GDP of the Eurozone and the United States, with both having their peak level prior to the great recession set to 100. The peak occurred in 2007 Q4 for the US, and in 2008 Q1 for the Eurozone. The data run through Q4 2012.
Whereas US GDP has surpassed the previous peak and continues to rise, albeit sluggishly, Eurozone GDP has not passed the previous peak, and has been slowly falling since early 2011.