Sample Essay on Taking Europe’s Pulse

Taking Europe’s Pulse

According to the article, the weak recuperation of Europe from 2013 stopped in mid 2014 with the stagnation of Gross Domestic Product (GDP). There were several brilliant spots like the quickening of Spain’s development from 0.4 percent in early 2013 to 0.6 percent. The economy of Portugal and Netherlands that had deteriorated in early 2013, recovered in 2014, with development of 0.6 and 0.5 percent correspondingly (P. W., A. C. M., & L. M., 2014). Nevertheless, Eurozone was affected by poor growth in its 3 largest economies; GDP dropped in Germany, the leading, and Italy, the third best, by 0.2 percent while the GDP of France, the second biggest economy, slugged. Quite the opposite, with the distressed Eurozone, Britain, which maintains its currency, is improving, as its recuperation keeps flourishing, knocking down unemployment quicker than anticipated.

This article applies to economics, the division of social science that tackles the manufacture, supply, and utilization of goods and services and their administration, since it analyzes the economy of the Eurozone with the factors affecting it. As in economics, the entire economy of Eurozone is analyzed with the concerns that affect it, such as unemployment, inflation, GDP, and economic growth. As the article affirms, low inflation and minimal or no growth denote a possible dangerous combination for nations pressed down on debt, like most of the nations in the Eurozone (P. W., A. C. M., & L. M., 2014). There are great differences between nations with high unemployment rates and the ones with high employment rates.

The article ‘Taking Europe’s Pulse’ was found in The Economist, which is an English-language publication written each week in the United Kingdom, specifically London. The Economist classifies itself as a newspaper though its printed version is done on magazine like papers. The Economist has been in existence since 1843 and in 2006; its total publications stood at almost two million. It mostly leans towards learned readers and asserts an audience consisting of numerous eminent persons and officials.

 

Reference

  1. W., A. C. M., & L. M. (2014, August 15). Taking Europe’s Pulse. The Economist. Retrieved from http://www.economist.com/blogs/graphicdetail/2014/08/european-economy-guide