CRI听力:Downturn Effects of Japan and Europe on Global Economy
A placard reading "You speculate with our lives" stands next to huge euro logo in front of the headquarters of the European Central Bank (ECB) before the bank's monthly news conference in Frankfurt August 7, 2014. [Photo: CFP]
New questions are being raised about the overall growth of the global economy for the 2nd half of this year.
Concerns are being raised amid word this week that GDP in the eurozone has flatlined in the second quarter.
Economic growth in the eurozone remained flat with the first quarter.
Growth in the broader European Union only increased by 0.1-percent this past quarter.
At the same time, inflation in the eurozone has come in at 0.4 percent in July, its lowest level since 2009, increasing concerns about a deflationary trend.
The European numbers come on the heels of Japan, the world's 3rd largest economy, recording a nearly 7-percent decline in GDP through the 2nd quarter.
For more on the status of the global economy, CRI's Paul James spoke earlier with Shen Hong, Shanghai Bureau chief of the Wall Street Journal.
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