Wolf: Real domestic demand in the eurozone was 1.1 per cent lower in 2016 than in 2008

Remarkably, real domestic demand in the eurozone was 1.1 per cent lower in the second quarter of 2016 than it had been in the first quarter of 2008. 

This extreme weakness of demand should not have happened. 

 It represents a huge failure. 


Martin Wolf, FT 6 December 2016

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