China vs. Europe’s periphery

Top graph shows change in personal consumption, bottom shows output. Both are in absolute terms.

[NB: that top graph is for ‘developing europe’ and the bottom is for ‘Europe’s periphery’]

Source: European Council of American Chambers of Commerce: The Case for Investing in Europe: Why U.S. firms should stay the course by Joseph P. Quinlan, SAIS at John Hopkins and GMF: http://www.amchameu.eu/Portals/0/2012/ebooks/The-Case-for-Investing-in-Europe-AmChams-in-Europe/index.html