America’s taxes: Higher taxes the easier way. Corporate savings: Dead money. MONETARY stimulus gets you only so far.
In America, third-quarter profits and revenues for companies in the S&P 500 index appear to have fallen year on year for the first time since 2009, according to Thomson Reuters. Profits for roughly half the firms in the European Stoxx 600 have fallen short of expectations so far. Adjustment in the euro zone: More and more and not enough. European economy guide: Polarised prospects. Our interactive overview of European GDP, debt and jobs CurrencyEconomyGDP per personUnemploymentYouth unemploymentDebtPublic debtBudget balancePrimary balanceGrowthLatest GDP change2014 GDP forecast2015 GDP forecast *15- to 24-year-olds Source: Eurostat Source: European Commission Source: European Commission Source: European Commission *Q4 2013 or latest Source: Eurostat Source: European Commission Source: European Commission DESPITE setbacks to emerging markets in early 2014 and the crisis in Ukraine, the European recovery still looks intact.
