Labour and Social Security Minister Niki Kerameus on Friday said that Greece has a lower unemployment rate than Sweden, Estonia, Finland, and Spain, following t
It can of course. But it’s easier in countries that already start low. It doesn’t mean it’s guaranteed if that’s what you’re thinking. I mean it’s just like any other change in rate. With GDP in particular at a certain point it’s not about rapid Rising it’s about steady growth. A rapid increase usually indicates that something was wrong before. That there was a lack of something. So a relatively rapid increase is caused by stabilizing of credit access to foreign loans, foreign markets, other sources of goods and imports, and lots of other things. Whereas a developed country with high GDP already had access to those so they can’t rapidly change based upon it.
And why is it that starting from low means there is rapid growth? Rapid GDP growth can still happen in rich countries.
It can of course. But it’s easier in countries that already start low. It doesn’t mean it’s guaranteed if that’s what you’re thinking. I mean it’s just like any other change in rate. With GDP in particular at a certain point it’s not about rapid Rising it’s about steady growth. A rapid increase usually indicates that something was wrong before. That there was a lack of something. So a relatively rapid increase is caused by stabilizing of credit access to foreign loans, foreign markets, other sources of goods and imports, and lots of other things. Whereas a developed country with high GDP already had access to those so they can’t rapidly change based upon it.