This is just the rebound effect. When you reach the bottom, any step up looks huge.
I thought this was just an exaggeration and looked it up. Turns out, I vastly overestimated the Greek GDP per capita compared to other European nations and it’s indeed incredible low.
The dead-cat bounce, if you want to be metaphorical.
Line must go up thinking, plus cherry-picking metrics. There are better things to chase than GDP.
Am mildly curious to know what circumstance and economic policies might have contributed to this. Always good to study successful recipes.
Agreed. This level of success certainly doesn’t come from the austerity policies dictated by foreign politicians.
How do you know? (Serious)
For starters, it is relatively weak and small in absolute terms (compared to the rest of the EU). So even though it may be interesting to study. There will be very little you can take away from it and apply it elsewhere with the same results.
Reminds me of the post of the dad with the baby growth doubling… on track to be trillion tons by age 21
Started at the bottom now we’re here.
