17.12.2024 16:13
The British magazine The Economist compiled data on five economic and financial indicators for 37 countries and ranked each economy based on its performance. Here is the list prepared according to GDP, stock market performance, core inflation, unemployment, and government budget deficit data...
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According to the IMF, global GDP is expected to grow by 3.2%, inflation has decreased, and employment growth remains robust. Stock markets have risen over 20% for the second consecutive time.
The Economist compiled data on five economic and financial indicators (GDP, stock market performance, core inflation, unemployment, and budget deficit) for OECD countries and ranked each economy based on its performance. Here are the best and worst performing countries for 2024 according to that list...
37. ESTONIA
36. LATVIA
35. TURKEY
34. FINLAND
33. NEW ZEALAND
32. AUSTRIA
31. ENGLAND
30. BELGIUM
29. SLOVAKIA
28. POLAND
27. HUNGARY
26. FRANCE
25. JAPAN
24. SLOVENIA
23. GERMANY
22. NORWAY
21. AUSTRALIA
20. USA
19. NETHERLANDS
18. CZECHIA
16. PORTUGAL
16. MEXICO
15. LUXEMBOURG
14. ICELAND
13. SWEDEN
12. CANADA
11. CHILE
10. SOUTH KOREA
9. SWITZERLAND
8. LITHUANIA
6. ISRAEL
6. COLOMBIA
5. ITALY
3. GREECE
3. DENMARK
2. IRELAND
1. SPAIN
According to the data, Spain ranks first. The country most affected by the pandemic now has 1.8 million more jobs than at the end of 2019.
While annual GDP growth in Spain is expected to exceed 3%, officials state that banks and businesses are achieving healthy profits. Economy Minister Carlos Cuerpo stated that the bank tax "generates revenue to finance the social safety net." During the pandemic, non-tourism service exports surpassed tourism revenues for the first time. Alongside all this, the travel sector is also experiencing a boom, with more than 90 million visitors expected this year, which would be a record.
The Economist praised Spain's economic performance in 2024, concluding with the note that "Europe has lessons to learn from Spain."
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