Troubles in the global economy have dogged the American economy since early in the recovery, with the Eurozone debt crisis, the so-called Arab Spring in the Middle East and the Japanese tsunami all swiping momentum from U.S. growth in varying degrees.
Now warning signs are flashing again.
The economy in the 18-nation Eurozone has been limping along since its sovereign debt crisis threatened to break up the currency area. On Thursday, officials reported that its feeble recovery came to an outright halt in the second quarter. The economies of powerhouse Germany and Italy both contracted, while the bloc's second-largest economy, France, stagnated.
The euro area's...