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Largest economy is GDP per capita. Public debt is not necessarily related to how the actual economy is doing at the moment. If gov takes a huge loan and uses it
by mantas 10y ago
Largest economy is GDP per capita. Public debt is not necessarily related to how the actual economy is doing at the moment. If gov takes a huge loan and uses it to propel business, economy does good. Although there's a debt to pay back far in the future. Which hopefully will be easier to pay thanks to inflation.
7.5 unemployment is OK by europeans terms. Anything bellow 10% is business as usual.
- ranit 10y ago> Largest economy is GDP per capita Largest economy is not "GDP per capita", it is nominal GDP. Italy is #12 by GDP per capita measurement.