Decline (and fall?) of the Euro Continues – Here’s Why

Lorimer Wilson October 29, 2015 Comments Off on Decline (and fall?) of the Euro Continues – Here’s Why 2,667 Views

The data compiled [in the infographic below] from 39 trusted resources represents experts’ opinions on what contributed to a decreasing value of [the] Euro against the…[U.S.] dollar. In a visual way we compare the economic performance of [the] Eurozone and non-eurozone countries on a 5-year horizon and provide answers to a multitude of questions related to the Euro.

The infographic* below was created by Coupofy.com and was taken from a post** found on VisualCapitalist.com. The commentary, above and below, consists of edited excepts from Coupofy.com infographic copy.

The EU dream was born out of the idea that countries are stronger together than they are apart, but data compiled over the past decade suggests that this may not be the case. The Greek debt crisis, political turmoil over Ukraine and a global financial meltdown set the Euro currency on a downward spiral that it has not yet recovered from. What caused the EU dream to become a nightmare, and what’s keeping it from recovery? The infographic below has the answers.

In 2014 the OECD stated that the Eurozone ran “the risk of prolonged stagnation” given its prediction that the Eurozone would only grow by 0.8% in 2014 and just 1.1% in 2015 compared a growth rate of 2.1% in 2014 and 3.1% in 2015 for the U.S. economy. On the whole, they appear to be correct [and, as a result,] the Euro dropped from $1.39 in May 2014 down to $1.08 in August 2015.

Worryingly, Deutsche Bank predicts that the Euro will fall to $0.90 by the end of 2016 and $0.85 by the end of 2017.

Will the shrinking euro be able to revert its course, or is Europe doomed to become the next Japan?

The above article has been edited by Lorimer Wilson, editor of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) for the sake of clarity ([ ]) and brevity (…) to provide a fast and easy read.

*http://www.coupofy.com/blog/the-shrinking-euro-infographic **http://www.visualcapitalist.com/the-fall-of-the-mighty-euro/

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