Eurozone in Recession, Industrial Production "Unexpectedly" Drops .7%; France in Recession, Germany on the Way; Is the US in Recession?

"Recession loom everywhere you look. Let's look at France: French growth sputters to a halt in 2nd quarter

The French government was put under further pressure to cut deeper into spending after figures Friday showed growth in Europe's second biggest economy ground to a halt in the spring, in another sign that the global economy is facing rising recessionary threats.

With the worse-than-expected French growth figures suggesting a possible budget shortfall this year, government ministers may have to find additional savings ahead of a key meeting with President Nicolas Sarkozy on Aug. 24.

The flat growth reported in the second quarter of the year was attributable to a slump in consumer spending and exports, and came as policymakers scramble to soothe investor concerns that the country could be the next major economy to lose its coveted triple-A credit rating.

Eurozone Industrial Production "Unexpectedly" Drops .7%

RTT News reports Eurozone Industrial Output Declines Unexpectedly In June..."

at http://globaleconomicanalysis.blogspot.com/2011/08/eurozone-in-recession-industrial.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29