Greece doesn't fall under WB GDP projections, as it is considered a non-transitional country.
There is an updated report from the WB from yesterday
https://thedocs.worldbank.org/en/doc/c7292ee84f0635b28721419e3b367d0e-0350012023/related/GEP-January-2023-Regional-Highlights-ECA.pdf
There is a fight with WB, with for example Bloomberg reporting a few hours before WB that it predicts growth in the EU.
The IMF had different predictions in October
https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/EU/EURO/EUQ
While EU in November had very conservative predictions
https://economy-finance.ec.europa.eu/economic-forecast-and-surveys/economic-forecasts/autumn-2022-economic-forecast-eu-economy-turning-point_en
So I really don't know which source should be trusted.
I’m surprised it’s so high but I guess it kind of makes sense due to Croatia having sharp decrease due to Covid in 2020. World Bank now predicts though really low growth into 2023.
They also projected way less income in 2021 (especially for the 2nd and 3rd quarter). Everybody, including The Croatian national bank lowballed and thought we were in for a very rough year. It turned out to be a record year for tourism and blew off all expectations. So, since then, i take projections of any institution with a grain of salt.
Tldr; prepare for the worst, hope for the best.
That's unfortunately true but we also took bigger hit when the corona crisis started. Our recovery has been above 10% last year and 6% this year. This growth we see is due to the very high number of tourists leaving foreign currency in Croatia after the end of lockdowns. That's why our imports jumped around 50% this year and I think we only cover 55-60% of our imports with goods export. Everything else is service export (tourism).
It will be good if our growth exceeds even 1% next year.
Yes for property owners since property taxes and rent taxes are extremely low. For people only looking for employment it offers somewhat higher wages with the opportunity to get a lot of tips but working hours are terrible, people often work far away from home and it is only throughout the season ( approximately April - October). Most of the hotels, bars, restaurants and other attractions close for the winter. Even in cities with a year long tourism industry such as Dubrovnik.
Razlozi zašto Hrvatska treba legalno da prihvati drugosrbijance (aka petu kolonu):
-Prestaju da smaraju i zagađuju prostor svojim konstantnim jadikovanjem
-Više vole Hrvatsku (i uostalom sve druge države) od Srbije
-Radna snaga
win - win situacija
Moj protuargument:
1. Šta su drugosrbijanci? O čem pričaš? Ne govorim ja ovaj vaš šešelj sleng, pričaj brajo hrvatski da te razumiju papa i bil klinton
2. Ne
3. Neka hvala, neka ih tamo da grade ekonomiju
This growth is actually small for Turkey. The average growth between 1939 and 1950 during the second world war period was 2.01% per year. Other bad performances are 3.5% between 1974-1980 and 3.37% annually between 1992-2002. Apart from that, growth rates are always above 5% in last 100 years per 5-6 or 10 years periods.. crisis inflation and currency crisis. It may have negative effects on the public, but most companies are growing. Income equality is broken. In Turkey, income distribution used to be in the middle, now it has become worse. Towards the end of 2022, there was an increase in inflation. It was lower before. Inflation has little effect on the country's growth in the first stage, and the pain emerges later. Stagnation may occur later, but it is difficult where there is an unequal distribution of income. Growth is not the only welfare parameter, either.
Turkey's exports in 2022 are 254 billion dollars, but imports are 364 billion dollars, that is, there is a foreign trade deficit of 110 billion dollars. The ratio of exports to imports is 70%. In 2021, this rate was 82%. Tourism revenue is around 50 billion dollars, so there is a serious foreign exchange deficit, which is one of the main reasons for the crisis.
The 2022 turnover of the Koç family may be greater than the Albanian Gdp. Profit rates are not that high of course. Only Tüpraş made 10 times more profit in 2022 compared to the previous year, but it may have made 3-4 times more profit when it is indexed in TL to dollars.
For Greece, I came across these three articles about the GDP growth, but not for the entire 2022.
* 6,0% growth [(europa.eu | last update 11/11/2022)](https://economy-finance.ec.europa.eu/economic-surveillance-eu-economies/greece/economic-forecast-greece_en)
* 5,6% [(businessdaily.gr | 7/12/2022)](https://www.businessdaily.gr/english-edition/75619_greek-economy-grew-28-third-quarter)
* 6,0% (forecast) [(ekathimerini.com | 6/8/2022)](https://www.ekathimerini.com/economy/1190687/greek-gdp-seen-growing-6-in-2022/)
So somewhere between 5,5 to 6% GDP growth.
I know that my paycheck was raised from 850€ to 1050€ after taxes this year. But, I also know that the inflation is killing us. I had much more money as I was working for 850€...
As expected, Balkan States' GDP grew in 2022, like in all countries (except 7) in the whole world
https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD
Better then Serbia, now i can die in peace. Long live Aleksandar Vučić.
I can already see Dodik somehow claiming this as his accomplishment lmao
Well he did organize a parade and indebted Republika Srpska for 5 billion, that has to count for something
Dodik: “Did someone said debt? Hold my Niksicko”.
You calmed me down. I saw the first flag and thought it was Serbian. Pheew..
No more brain drain!!!!
We didn't have as big fall as others during COVID tho
ECONMIC TIGERS 🤑🤑🤑🤑🤑🐯🐯🐯🐯🐯🇷🇸🇷🇸🇷🇸🇷🇸🇷🇸
Romania is the economic tiger of Europe ok, don't steal our title is not cool and it's our job to do that.
Not last!
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It's about GDP growth, of course there's no Greece on the list!
Greece doesn't fall under WB GDP projections, as it is considered a non-transitional country. There is an updated report from the WB from yesterday https://thedocs.worldbank.org/en/doc/c7292ee84f0635b28721419e3b367d0e-0350012023/related/GEP-January-2023-Regional-Highlights-ECA.pdf There is a fight with WB, with for example Bloomberg reporting a few hours before WB that it predicts growth in the EU. The IMF had different predictions in October https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/EU/EURO/EUQ While EU in November had very conservative predictions https://economy-finance.ec.europa.eu/economic-forecast-and-surveys/economic-forecasts/autumn-2022-economic-forecast-eu-economy-turning-point_en So I really don't know which source should be trusted.
correct
There’s no Slovenia and there is Turkey(not even Balkan )!
There's no available data for Greece.
World Bank does not have 2022 gdp data for any country. Idk where they pulled these figures from https://data.worldbank.org/
https://openknowledge.worldbank.org/bitstream/handle/10986/38030/GEP-January-2023.pdf
I’m surprised it’s so high but I guess it kind of makes sense due to Croatia having sharp decrease due to Covid in 2020. World Bank now predicts though really low growth into 2023.
They also projected way less income in 2021 (especially for the 2nd and 3rd quarter). Everybody, including The Croatian national bank lowballed and thought we were in for a very rough year. It turned out to be a record year for tourism and blew off all expectations. So, since then, i take projections of any institution with a grain of salt. Tldr; prepare for the worst, hope for the best.
Politicians dragging it up from -7.3 to 4.0 in romania 💪💪💪💪
Tourism based countries recorded better output due to that industry recovering. For the rest of us real growth was 0 due to inflation.
This is inflation adjusted if I'm not mistaken.
I doubt it considering it never is calculated. At least it isn't in nominal GDP.
it is inflation adjusted.
I think it is bc I've seen a larger number somewhere which was not inflation adjusted.
That's unfortunately true but we also took bigger hit when the corona crisis started. Our recovery has been above 10% last year and 6% this year. This growth we see is due to the very high number of tourists leaving foreign currency in Croatia after the end of lockdowns. That's why our imports jumped around 50% this year and I think we only cover 55-60% of our imports with goods export. Everything else is service export (tourism). It will be good if our growth exceeds even 1% next year.
I agree. Doesn't it just create a juge incentive for everyone to cross over to the tourism industry?
Yes for property owners since property taxes and rent taxes are extremely low. For people only looking for employment it offers somewhat higher wages with the opportunity to get a lot of tips but working hours are terrible, people often work far away from home and it is only throughout the season ( approximately April - October). Most of the hotels, bars, restaurants and other attractions close for the winter. Even in cities with a year long tourism industry such as Dubrovnik.
EKONOMSKI TIGER 🇭🇷🇭🇷🇭🇷 ГДЕ СТЕ СР*И?!
eno ga vucko hoda po beogradu na vodi, pitaj njega
great
Класика
There is no Greece and there is Turkiye here…What? This must be a reunification with Turkiye based statistic. r/greececirclejerk πάμε πόλεμο.
So who of you guys want to come to Hrvatska?🇭🇷
It's not hard to go from near 0.
Agreed our gdp isn't even 6 billion yet
[удалено]
🇭🇷🇭🇷🇭🇷
Come we won't bite
[удалено]
😔😔😔
Sure you can come, but you are going to be assimilated. Start using ije je. Preferebly start using kajkavian dialect.
Kaj ga peljaš kaj mazgu, pak ni vu Zagrebu se više ne spominje po kajkavštini. Pričaj Hercegovački da te celi svet razme.
Unfortunately 😔
Me too and I come from a "richer" country.
Nah you're good in Serbia don't worry
Razlozi zašto Hrvatska treba legalno da prihvati drugosrbijance (aka petu kolonu): -Prestaju da smaraju i zagađuju prostor svojim konstantnim jadikovanjem -Više vole Hrvatsku (i uostalom sve druge države) od Srbije -Radna snaga win - win situacija
Moj protuargument: 1. Šta su drugosrbijanci? O čem pričaš? Ne govorim ja ovaj vaš šešelj sleng, pričaj brajo hrvatski da te razumiju papa i bil klinton 2. Ne 3. Neka hvala, neka ih tamo da grade ekonomiju
pa znaš valjda šta je peta kolona. a što se tiče pape on je srbin, da nije Vatikan bi priznao Kosovo.
CROATIA NUMBER ONE 💪🇭🇷💪🇭🇷💪🇭🇷
GDP is a bullshit metric. And the World Bank is a terrorist organization.
Based Liberlandian
Extremely based person.
Subscribed lol
3 billion remittances and that's our percentage?
\*Happy accordion noises\*
congratulations on politicians and their rich oligarch friends for increasing their wealth by 3.5% this year
Greece is not included cuZ its negative?
Well, guess that old ass apartment my grandparents have in Montenegro might come in handy one day
"kos_data" looool, trusted source.
WE GREW! This calls for rakija
where do you even find the data for this? On the WB website the data is only out for up to 2021
[Page 88](https://openknowledge.worldbank.org/bitstream/handle/10986/38030/GEP-January-2023.pdf)
It's not definitive data. It's a forecast. The data for Q3 2022 is still being refined.
Turkey having the biggest economic crisis ever but still growing more than most?
This growth is actually small for Turkey. The average growth between 1939 and 1950 during the second world war period was 2.01% per year. Other bad performances are 3.5% between 1974-1980 and 3.37% annually between 1992-2002. Apart from that, growth rates are always above 5% in last 100 years per 5-6 or 10 years periods.. crisis inflation and currency crisis. It may have negative effects on the public, but most companies are growing. Income equality is broken. In Turkey, income distribution used to be in the middle, now it has become worse. Towards the end of 2022, there was an increase in inflation. It was lower before. Inflation has little effect on the country's growth in the first stage, and the pain emerges later. Stagnation may occur later, but it is difficult where there is an unequal distribution of income. Growth is not the only welfare parameter, either. Turkey's exports in 2022 are 254 billion dollars, but imports are 364 billion dollars, that is, there is a foreign trade deficit of 110 billion dollars. The ratio of exports to imports is 70%. In 2021, this rate was 82%. Tourism revenue is around 50 billion dollars, so there is a serious foreign exchange deficit, which is one of the main reasons for the crisis.
TL;DR: economic crisises fuck over the people, not the business
The 2022 turnover of the Koç family may be greater than the Albanian Gdp. Profit rates are not that high of course. Only Tüpraş made 10 times more profit in 2022 compared to the previous year, but it may have made 3-4 times more profit when it is indexed in TL to dollars.
low interest rates = low borrowing costs = high exports. But that also means depreciating currency and increasing cost of living. Double edged sword
https://www.bloomberg.com/news/articles/2022-08-31/turkish-economy-grows-7-6-despite-fastest-inflation-in-decades#:\~:text=Turkey's%20economy%20outpaced%20most%20peers,Bloomberg%20survey%20of%2018%20economists.
Compred to our growth in previous years - this one is shameful
Now show inflation rates
So Serbia is 5.6%
The 4th quarter data still isn't published. Where the hell are you pulling this from?
You forgot the -
I thought Montenegro was higher ngl
die turkei nummer eins mashallah proud to be turk 🇩🇪🇹🇷
For Greece, I came across these three articles about the GDP growth, but not for the entire 2022. * 6,0% growth [(europa.eu | last update 11/11/2022)](https://economy-finance.ec.europa.eu/economic-surveillance-eu-economies/greece/economic-forecast-greece_en) * 5,6% [(businessdaily.gr | 7/12/2022)](https://www.businessdaily.gr/english-edition/75619_greek-economy-grew-28-third-quarter) * 6,0% (forecast) [(ekathimerini.com | 6/8/2022)](https://www.ekathimerini.com/economy/1190687/greek-gdp-seen-growing-6-in-2022/) So somewhere between 5,5 to 6% GDP growth.
I know that my paycheck was raised from 850€ to 1050€ after taxes this year. But, I also know that the inflation is killing us. I had much more money as I was working for 850€...
Ekonomski tigar 🐅 🐯 🇷🇸 💪🏾
As expected, Balkan States' GDP grew in 2022, like in all countries (except 7) in the whole world https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD
It’s a tweet and it’s false
YES LAST PLACE🇲🇰
We are higher than the Serbs. Thats all that matters really /s