GDP growth? A paltry 0.3% - lower than the .04% expected.

Flagging consumer spending, however, which has been inhibited by a loss of confidence amid consistently high unemployment, remains the main cause for France's slowing GDP growth and is a key reason for concern in coming months.

Unemployment? 5.0%. What about France? Try 10.1%. DOUBLE the U.S.

A bitter wine, indeed. How do ya like them apples, Krugman?

h/t: The Corner

UPDATE: 8/13/05 7:45am
Lifelike Pundits has a nice chart that explains the U.S.'s excellent unemployment number.

Coincidence? I think not.

Posted by: Gary at 12:45 PM | No Comments | Add Comment
Post contains 116 words, total size 1 kb.