Feb 25, 2012

America has already lost a decade of economic progress | The Economist

Economist - The Economist has crunched the numbers and on the basis of seven indicators covering economic output, wealth and labour markets, the United States has already gone back in time some ten years. Its GDP per person, for example, was at a higher level than today back in 2005 and its main stockmarket index was higher in 1999. Of the countries considered, Greece has fared the worst. In economic terms, it is just entering the new millennium again. As a whole the rich world has been hardest hit by the financial crisis. Just six of the 34 "advanced" economies categorized by the IMF have GDP per person higher in 2011 than in 2007. Notable among them are Germany and Australia.

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