Is the EU recovering or tanking?

Posted By Elizabeth Dickinson Tuesday, May 5, 2009 - 4:03 PM Share

Whether the European Union's recession is ending -- or just beginning -- depends on who you ask. And according to the Financial Times and the Wall St Journal's front pages, both headlines are based on data provided by the EU.

In Britain's FT:

Brussels calls upturn. The European Commission said the end of Europe's recession was in sight..." 

From this side of the Atlantic ocean, the WSJ reads: 

The EU predicted the region's economy will contract 4 percent in 2009, amid a longer-than-expected recession."

Further proof, perhaps, that where the recession is going is anyone's guess. Or perhaps another case of dubious analysis from the EU's economic masters...

 

SKINCARE

9:54 AM ET

May 6, 2009

Interesting upturn in business

It really does appear to depend upon the figures you look at. Our business has suddenly begun to pick up: Beauty Products.
This time of year is normally very flat for us but we've seen a surge in custom over the past two weeks and this contrasts sharply with the period since before Christmas 2008.
I just hope that it continues otherwise my business is likely to fold.

 

Passport, FP’s flagship blog, brings you news and hidden angles on the biggest stories of the day, as well as insights and under-the-radar gems from around the world.

Read More