3 ms·
Italy is similarly stuck in contraction mode. Gross exports represent 46% of EU GDP, up from 39% in 2008. For China, gross exports are 20% of GDP, down from 3
by adventured 7y ago
Italy is similarly stuck in contraction mode.
Gross exports represent 46% of EU GDP, up from 39% in 2008.
For China, gross exports are 20% of GDP, down from 33% in 2008.
For the US, gross exports are 12% of GDP, the same as in 2008.
A trade war is a nightmare for the EU. It's amazing they've stayed above water this long with 46% of GDP dependent on exports. They'll get economically thrashed if it keeps getting worse.