Guess Which Country The IMF Forecasts Will Grow The Most In 2016
gulliverfoyle
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had a good laugh at this
http://www.zerohedge.com/news/2013-03-13/guess-which-country-imf-forecasts-will-grow-most-2016
http://www.zerohedge.com/news/2013-03-13/guess-which-country-imf-forecasts-will-grow-most-2016
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a five year old could probably order them more accurately
they had totally destroyed there economy with there insistence on continuing with the EUSSR policy
all the entrepreneurs and the money has all left
when they finally do wise up and default leave the euro and devalue
who will invest in a bankrupt country with a corrupt and unsustainable govt?
they have debt to GDP of 180% 60% youth unemployment
The chart isn't talking about the strongest economies, it's talking about growth for one specific year. It's far easier to grow from a very low position (i.e. Greece / Ireland) than it is from a position of strength (i.e. Germany).
But growing from nothing is easier than growing from a high a mount.
Argentina suffered much the same fate as Greece in 2001/2, it spent most of the rest of the decade posting double digit growth. It has stalled recently but that's capitalism for you.
Where's UK ?
yes and the world was in a debt filled boom
there heading for default again by the way
lets see them grow at 5% in todays world
true but people are very cautious about investing in a unstable world
they really only have tourism
Bankrupt