This chart highlights one of Europe's biggest problems
Since the global financial crisis, high youth unemployment has been a problem across the world.
One region that has been hit particularly hard by this problem is Europe - both in its developed economies and its emerging ones.
In a recent note to clients, Bank of America Merrill Lynch's Michael Hartnett and Brian Leung shared a chart showing the youth unemployment rates across EU countries.
Overall, the EU youth unemployment rate is about 20%. However, the countries with the highest rates - namely, Greece, Spain, Croatia, and Italy - are all in the stunningly high 40-50% zone. These numbers are among the highest in the world.
Meanwhile, the countries with relatively low youth unemployment rates, including Denmark, the Czech Republic, and the Netherlands, are around 10%. Germany's is around 7%.
Check out the full chart below. Note that some of the figures are from last year, given that not all countries publish official monthly data.
BAML
Next Story
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
Audi to hike vehicle prices by up to 2% from June
Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
Rupee falls 6 paise to 83.39 against US dollar in early trade
Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
