Lagging Behind: Ukraine Growing 40% Slower than Global Economy – KyivPost
Crisis is a litmus test for the quality of economic institutions, management systems and the adequacy of motivation.
The year 2020 was a stress test for the global economy. Today we can summarize its preliminary results.
Let’s take the pre-crisis year of 2020, as well as two subsequent years of recovery. The average annual growth rate of the global economy during the designated period was 2.63%. Meanwhile, Ireland demonstrated the growth rate 2.6 times higher than the world average.
Is expected to see an acceleration in economic growth by 2.6 times (in 2021 and 2022, as projected by the IMF). Emerging and developing Asia’s growth rate is 72.2% higher than the world’s average. This means that it has been catching up with global leaders, it is on the way to the status of a high-income economy.
Belarus is at an opposite pole. Its pace for the period of 2019-2022 will be 3.4 times slower than the world’s economy. The post-Soviet…
