Euro Area GDP Falters
Analysts may claim that the new GDP data from the euro area demonstrates the region went into recession in Q4 2011. GDP fell .3% according to Eurostat. Much of the drag came from Germany, the region’s largest economy. GDP there fell .2% in the fourth…
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Analysts may claim that the new GDP data from the euro area demonstrates the region went into recession in Q4 2011. GDP fell .3% according to Eurostat. Much of the drag came from Germany, the region’s largest economy. GDP there fell .2% in the fourth quarter. The euro area cannot recover without an improvement in Germany. No one will be shocked that Italy’s economy contracted by .7%. The sovereign debt of the country has been under assault for the better part of the year. The same can be said for Spain, where the fourth quarter contraction was .3%.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
