The theme of today is bad GDP reports.
Greece meanwhile continues to be mired in horrible numbers.
From the Hellenic Statistical Authority:
Available non-seasonally-adjusted data indicate that, in the 4th quarter of 2012, the Gross Domestic Product (GDP) at constant prices of year 2005 decreased by 6.0% in comparison with the 4th quarter of 2011.
Here’s a chart that tells it all.
Photo: Greek GDP