GDP Growth for 2021 according to Winter predictions of European Commission published today

23 comments
  1. It feels so nice seeing my country Greece on this path after 14 difficult years. I am young and have lived almost all my life in a climate of political and economic depression, and luckily this will change in my adulthood.

  2. So to put that 2021 GDP growth in perspective, the EU average growth was about 5.3%.

    Another source claims the EU growth in total (not average) was 5.2%, but this was listed as preliminary data.

    https://ec.europa.eu/eurostat/documents/2995521/14231867/2-31012022-AP-EN.pdf/649f530f-8fdb-3a5e-00b2-a7b51c026ec6

    China’s was about 8.1%

    https://www.scmp.com/economy/china-economy/article/3163720/china-gdp-growth-2021-beats-expectations-narrowing-gap-us

    USA was 5.7%, highest since 1984.

    https://tradingeconomics.com/united-states/full-year-gdp-growth

    And the World Bank estimated the world’s GDP grew at 5.5% in 2021.

    https://www.cnbc.com/2022/01/12/world-bank-slashes-2022-global-growth-forecast.html

    Edit. Fixed US number and link. Added a source for european number. Added world number. Fixed China link.

  3. This clearly shows how is our economy reliant on Germany. If they don’t grow, we don’t grow either.

  4. :’) Our economy is suffering from shortage of these chips, and we have a large car and stuff like that industry, so it nakes sense that for now it’s suffering.

  5. This has the covid bounce, the previous year had the covid dip. Countries that faired the best economically last year are at the bottom of the list, basically showing normal growth. Finland’s economy dipped the least.

  6. This post also shows some of the problems the Euro is facing. Ireland and Germany are completely different in it’s economy yet they share the same monetary policies. If you have a million euros then why would you invest them in Germany rather than Ireland? The rates are the same, which means they both have the same required rate of return, yet they have completely different growth prospects.

  7. What’s up with Ireland? I have seen many posts now about GDPs and realized how Ireland is just super rich but why actually? Usually it’s all about Luxemburg and Switzerland bcs of their huge financial sector. What is Ireland‘s reason? IT sector?

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