GDP growth? A paltry 0.3% - lower than the .04% expected.
Flagging consumer spending, however, which has been inhibited by a loss of confidence amid consistently high unemployment, remains the main cause for France's slowing GDP growth and is a key reason for concern in coming months.U.S. 2nd Quarter GDP growth? 3.4% baby!
Unemployment? 5.0%. What about France? Try 10.1%. DOUBLE the U.S.
A bitter wine, indeed. How do ya like them apples, Krugman?
h/t: The Corner
UPDATE: 8/13/05 7:45am
Lifelike Pundits has a nice chart that explains the U.S.'s excellent unemployment number.
Coincidence? I think not.
Posted by Gary at August 12, 2005 12:45 PM | TrackBack