Why Greece's Economy Never Recovered? (2020)
Greece’s GDP was still 25% below its pre-crisis peak, with unemployment above 20% for most of the last decade.
Greece’s no show recovery is unparalleled in modern history. Even amongst the most severe Depressions. Five years after the Great Depression US GDP per capita had risen by 35%, likewise after Argentina’s 2002 crisis it was up by 45%. But for Greece… GDP per capita rose by less than 6%.
A dismal stat for sure. But why?
Well, like all good stories. This begins with a bit of background.
#Greece #GreekEconomy #GreekRecovery #GreekBailout
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📕Recommended Reading:
Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them.
📘"Game Over: The Inside Story of the Greek Crisis": https://geni.us/GameOverGreekCrisis
📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years
🎙The mic we use to record: https://geni.us/MicWeUse
Видео Why Greece's Economy Never Recovered? (2020) канала Economics AltSimplified
Greece’s no show recovery is unparalleled in modern history. Even amongst the most severe Depressions. Five years after the Great Depression US GDP per capita had risen by 35%, likewise after Argentina’s 2002 crisis it was up by 45%. But for Greece… GDP per capita rose by less than 6%.
A dismal stat for sure. But why?
Well, like all good stories. This begins with a bit of background.
#Greece #GreekEconomy #GreekRecovery #GreekBailout
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Enjoyed the video?
Subscribe here: https://www.youtube.com/channel/UCLiRGHCMGB14Pw0yEqLM2fQ?sub_confirmation=1
Follow AltSimplified on Social media:
Facebook: https://www.facebook.com/Altsimplified/
Twitter: https://twitter.com/altsimplified
Quora: https://www.quora.com/q/economicsaltsimplified
Discord: https://discord.io/altsimplified
Other Discord Link: https://discord.gg/gTzEznrmeY
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
📕Recommended Reading:
Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them.
📘"Game Over: The Inside Story of the Greek Crisis": https://geni.us/GameOverGreekCrisis
📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years
🎙The mic we use to record: https://geni.us/MicWeUse
Видео Why Greece's Economy Never Recovered? (2020) канала Economics AltSimplified
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