[Flame Of Liberty]

Originally posted by Agamemnon@May 11 2005, 04:14 PM
I classify stagnation as 0% increase in the sizes of their economies, in the simplest definition.# Right now they are achieving much greater than 0% growth, so I'm of the opinion that they are not 'stagnant'.# They're growth rates, being developed countries, are not expected to be Chinese-like.# 10% growth for places like Europe and the US is next to impossible, given their current scopes.

I guess we'll agree to disagree.

2005-05-12 03:04:51 The eurozone economy grew 0.5 per cent in the first quarter of 2005 from the figure for the previous quarter, an initial estimate released on Thursday by the EU's statistics arm showed.

The growth marked an improvement from monthly growth of 0.2 percent in the final quarter of last year, data from Eurostat showed.

Over 12 months, the eurozone economy expanded by 1.4 percent in the first quarter.

In the 25-nation EU, the economy also grew 0.5 percent in the first quarter from previous quarter, when 0.3 percent growth was registered. Over 12 months, the region saw growth of 1.7 percent in the first quarter.

Looking ahead, the European Union's executive commission forecast that the eurozone economy would book quarterly growth in a range from 0.2 to 0.6 percent, revising its outlook down by 0.1 percentage point. It has the same forecast for the third quarter.

http://www.eubusiness.com/topics/Factsfig


stagnation

n 1: a state of inactivity (in business or art etc); "economic growth of less than 1% per year is considered to be economic stagnation"

http://www.dictionary.com


“the EU is the most dynamic and experimental of the world's transnational organizations.”

http://www.agamemnon.com

You changed your tune a bit, but you must agree that your "most dynamic" comment was out to lunch. That goes for your "much greater than 0.5 per cent" comment.