Europe's Ongoing Malaise

Summary

• Real GDP growth was minus one percent for the third quarter, while the PMI Index, a measure of economic health, has been in contractionary territory since the middle of this summer.
• Draghi’s concerns about the Eurozone’s economic prospects center on the fear that the region is falling further behind both the US and China in terms of global competitiveness.
• About 40 percent of the MSCI EU stock index is made up of companies in the industrial, financial services and energy sectors.

CGinspiration

Europe is stuck in an economic rut. Don’t take our word for it. Take it from Mr. Whatever It Takes himself, former ECB chief and ex-Italian prime minister Mario Draghi, who said this week and we quote (as reported in the Financial Times from