GDP PPP predictions for most important countries in Europe
Don't they have less gyppos per capita than Romania proper does tho?
Well that would explain the current day situation, but why was the massive difference already there during late gommie times? No easy investing into Romania at that time either
eastern block economies were specialized in industries(one market)
so for example czechoslovakia had light industry(cars etc.) and moldova was agriculture economy
we exported cars, buses etc, moldova food
that's because there are rich regions and poor regions in a lot of countries (let south italy be an example). the problem with moldova is that it's literally the poor region, there's no richer part of the country to carry it. if western ukraine divided it would be pretty much the same.
>most important countries
It's okay guys, I actually don't even want to be relevant at all.
>Romania will beat Poortugal in your life time
YOU JUST CAN'T MAKE THIS SHIT UP ANYMORE
The Portuguese should leave the Iberian Peninsula like they Moors and Jews did.
No they wont
A modest recovery is projected to begin this year and gradually strengthen in 2016. IMF last tuesday
You are already above. In camwhores and gay porn, but it's something
That's not how it works Gregorz...
You're also devaluating your currency when you print Krone and exchange them for €. Which is why pic related is a thing.
Your currency is weak as fuck, and that's one of the things fueling your growth, but your wages in € are shit considering your GDP
>You're also devaluating your currency when you print Krone and exchange them for €
yeah "real" exchange is like 23czk/1euro and our central bank defending 27czk/1euro
I still think it was a good move, our unemplyoment is now second lowest in EU
it will be intersting next year when our CB stop with that
Problem creates itself when the currency gets stronger. Wages in € go up but so do prices, but most importantly you become less "attractive" to foreign investments which now become more expensive, workers have higher wages and services cost more, so you can do a lot less with 500€ now than you could when the currency was weaker. Another thing is that your exports become more expensive on foreign markets which may impact sales and thus revenue, profits and as a result growth.
Either way I'm not an economist but I hope I'm making sense.
yeah I got it
but our central bank doing this bcs inflation, without this we will be in deep deflation(like -3%)
their goal is have +2% inflation and 5%growth wage/year
right now it is 0.5% inflation and 3% wage growth
I think we should survive that currency bump next year, there are jobs like everywhere and anyway we need transform our economy from "manufacture" to service economy