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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.
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.
