Friday, October 5, 2012

Significance - The global economy: worse, better or the same?

From: Significance website:
The global economy: worse, better or the same?
Author:Vasilis Nikolaou
http://www.significancemagazine.org/details/webexclusive/2708761/The-global-economy-worse-better-or-the-same.html


Taking a closer look in Europe’s trade statistics in 2010, we can see that Germany (DE), Europe’s largest economy, had the biggest positive trade balance of €154 billion, followed by the Netherlands (NL) and Ireland (IE) with €44 and €42 billion respectively. Sweden (SE) belongs to a group of countries with smaller surplus. On the other end, the United Kingdom (GB) had the biggest trade deficit of €132 billion followed by France (FR), Spain (ES) and Greece (GR) with negative trade balances of €65, €55 and €32 billion euros respectively.

Figure 2. EU Trade balance (billion EUR) in 2010.

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