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Cake day: June 21st, 2023

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  • It can of course. But it’s easier in countries that already start low. It doesn’t mean it’s guaranteed if that’s what you’re thinking. I mean it’s just like any other change in rate. With GDP in particular at a certain point it’s not about rapid Rising it’s about steady growth. A rapid increase usually indicates that something was wrong before. That there was a lack of something. So a relatively rapid increase is caused by stabilizing of credit access to foreign loans, foreign markets, other sources of goods and imports, and lots of other things. Whereas a developed country with high GDP already had access to those so they can’t rapidly change based upon it.