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Growth is next to zero in many first world economies. Most of Europe is basically not growing. Only Germany is. Many economies in Latin America are doing poorly
by gkanai 10y ago
Growth is next to zero in many first world economies. Most of Europe is basically not growing. Only Germany is. Many economies in Latin America are doing poorly, especially Brasil, Argentina- Venezuela is in free-fall. There is growth in Africa (from a much lower starting point), but it is uneven. There is a little growth in parts of South East Asia (Indonesia is doing ok, as is the Philippines, and Vietnam not bad) but growth is hard to find in most countries. The US and Germany are doing well. China is doing badly in comparison to the 10%+ growth they had in the 2000-2010 decade, but they are still growing.
- MagnumOpus 10y ago> Growth is next to zero in many first world economies. Most of Europe is basically not growing. Only Germany is. Many economies in Latin America are doing poorly Look beyond the 3-year or even 10-year perspective. All of Europe and most of Latin America is doing visibly better than 25 years ago in terms of infrastructure, life expectancy, disposable income etc. Even after three years of a massive economic crisis, Brazil is a better place to live than in 1990. While Japan is the same - just older.