Quote:
Originally posted by Flame Of Liberty+May 12 2005, 12:34 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Flame Of Liberty @ May 12 2005, 12:34 PM)</td></tr><tr><td id='QUOTE'><!--QuoteBegin-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.
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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.[/b][/quote]
OMG, seriously dude? Did you read your own link?
0.5%, you're right. In the FIRST QUARTER ALONE. Not for the entire year. It should be noted that when I talk about economic growth in percentage terms, the common unit of measurement is a year. If I say it grew by 2%, that means for the year, not for a month, week, or day.
Jeezus, lets at least stick to the same argument here.
The eurozone economy grew 0.5 per cent in the first quarter of 2005
The EU's growth is forecasted to be well above 1%, your 'stagnation' mark.