Historical Year Data · 2012

Eurozone Real GDP in 2012

Eurozone Real GDP opened 2012 at 2,429,321.3 and closed at 2,407,003.6, a -0.92% move for the year. The high of 2,429,321.3 was reached on January 1, and the low of 2,407,003.6 on October 1.

Open

2,429,321.3

2012-01

2,407,003.6

4 data points

High

2,429,321.3

Jan 1

Low

2,407,003.6

Oct 1

Full Year Change

-0.92%

2011 Change

-0.30%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2,429,321.3	2,429,321.3	2,429,321.3	2,429,321.3	+0.00%
Apr	2,420,620.6	2,420,620.6	2,420,620.6	2,420,620.6	+0.00%
Jul	2,417,396.6	2,417,396.6	2,417,396.6	2,417,396.6	+0.00%
Oct	2,407,003.6	2,407,003.6	2,407,003.6	2,407,003.6	+0.00%

Events During 2012

2010 European Sovereign Debt Crisis

Deflation

April 2010 – July 2012

Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.

2012 Draghi "Whatever It Takes" Moment

Reflation

July 26, 2012

ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.

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