Today June 01, I counted 54 countries that reported their Q1 GDP. Among them, Philippines is 5th worst performer, and worst in Asia again, like in 2020. Palakpakan ang magaling na indefinite lockdown nila Duque Duterte. (Photos below from various sources)
GDP growth/contraction yoy, Q1 2021, in %:
UK -6.1, Austria -5.5,
Portugal -5.4, Spain -4.3,
Philippines -4.2, Mexico -3.6,
Saudi Arabia -3.3, Germany -3.1,
Tunisia -3.0, Netherlands -2.8.
Thailand -2.6, Hungary -2.1,
Czech Rep. -2.1, Ukraine -2.0,
Bulgaria -1.8, Iceland -1.7,
Kazakhstan -1.6, Cyprus -1.6,
Norway -1.4, Latvia -1.3.
Denmark -1.3, Russia -1.0,
Finland -1.0, Poland -0.9,
Macau -0.9, Italy -0.8,
Indonesia -0.7, Croatia -0.7,
Belgium -0.6, Switzerland -0.5.
Israel -0.5, Malaysia -0.5,
Romania -0.2, Sweden 0.
Slovaka 0.3, USA 0.4,
Nigeria 0.5, Colombia 1.1,
Lithuania 1.2, France 1.2.
Singapore 1.3, Slovena 1.6,
India 1.6, Serbia 1.7.
S. Korea 1.8, Azerbaijan 3.1,
Peru 3.8, Vietnam 4.5,
Estonia 5.4, Turkey 7.0,
Hong Kong 7.9, Taiwan 8.2,
Mongolia 15.7, China 18.3.
https://tradingeconomics.com/country-list/gdp-annual-growth-rate
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See also:
Macroecon 3, Five quarters of consecutive Philippines GDP contraction, May 11, 2021
Macroecon 4, Q1 2021 GDP of Europe, SE and NE Asia, May 22, 2021
Macroecon 5, Inflation rates of many countries, Oct 2020 to April 2021, May 26, 2021.
1 comment:
Not even economic collapse will shake the government's belief that lockdowns work.
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