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https://news.bitcoin.com/dollar-to-play-lesser-role-due-to-its-weaponization-digital-currencies-economist-jeffrey-sachs-says/
The Economist Ranks Top Economies of 2023.
The Economist recently released its ranking of the best-performing economies in 2023, considering five key economic and financial indicators—inflation, inflation breadth, gross domestic product (GDP), employment, and stock market performance—across 35 countries.
Top Performers:
1. Greece:
Despite recent economic crises, Greece secured the top spot for the second consecutive year. The country's stock market saw an impressive increase of over 40%, attributed to market-friendly reforms and renewed investor interest.
2. South Korea:
Claiming the second position, South Korea benefited from its central bank's aggressive interest rate hikes in 2022, resulting in a decrease in inflation breadth.
3. United States:
The U.S. ranked third, showcasing strong performance in both GDP and employment. The record-high energy production and generous financial stimulus implemented in 2020 and 2021 contributed to its success.
4. Israel:
Despite conflicts with Palestine, Israel secured the fourth position in the overall ranking, recognizing its robust economic performance.
Other Notable Rankings:
- Canada (6th): Positioned as the sixth-best-performing economy.
- Chile (7th): Secured the seventh spot in the ranking.
Focus on Turkey:
- Turkey (15th, tied with Estonia):
Turkey claimed the 15th position, sharing it with Estonia. Noteworthy is the 20.6% increase in stock prices within the country.
The Economist's data reflects the global economic landscape, emphasizing the significance of factors such as digital transformation and increased market competition in driving economic success.
#TheEconomist #Turkey #economist #economy #GDP
The Economist recently released its ranking of the best-performing economies in 2023, considering five key economic and financial indicators—inflation, inflation breadth, gross domestic product (GDP), employment, and stock market performance—across 35 countries.
Top Performers:
1. Greece:
Despite recent economic crises, Greece secured the top spot for the second consecutive year. The country's stock market saw an impressive increase of over 40%, attributed to market-friendly reforms and renewed investor interest.
2. South Korea:
Claiming the second position, South Korea benefited from its central bank's aggressive interest rate hikes in 2022, resulting in a decrease in inflation breadth.
3. United States:
The U.S. ranked third, showcasing strong performance in both GDP and employment. The record-high energy production and generous financial stimulus implemented in 2020 and 2021 contributed to its success.
4. Israel:
Despite conflicts with Palestine, Israel secured the fourth position in the overall ranking, recognizing its robust economic performance.
Other Notable Rankings:
- Canada (6th): Positioned as the sixth-best-performing economy.
- Chile (7th): Secured the seventh spot in the ranking.
Focus on Turkey:
- Turkey (15th, tied with Estonia):
Turkey claimed the 15th position, sharing it with Estonia. Noteworthy is the 20.6% increase in stock prices within the country.
The Economist's data reflects the global economic landscape, emphasizing the significance of factors such as digital transformation and increased market competition in driving economic success.
#TheEconomist #Turkey #economist #economy #GDP
Analyzing The Economist's Take on the Turkish Economy. 🇹🇷📰
In a recent feature, The Economist shed light on noteworthy transformations within the Turkish economy, illuminating a spectrum of key developments. At the forefront is the post-election economic team, credited with ushering in positive changes.
A significant milestone highlighted in the report is the commendable decrease in inflation, attributed to a strategic shift in the Central Bank's approach. The eye-catching 31.5% surge in interest rates played a pivotal role in this fiscal maneuver.
The Turkish lira's depreciation witnessed a noteworthy slowdown, underlining the impact of these economic adjustments. The government's resolute actions against organized crime, targeting drug barons, arms, and human traffickers, were underscored as part of a broader strategy.
The geopolitical landscape was not overlooked, with the article spotlighting President Erdoğan's visit to Greece as a symbol of improved relations with neighboring countries. However, criticisms were not amiss, particularly in the realm of foreign policy. The stance on Sweden's membership and the approval of F-16 sales by the U.S. drew scrutiny.
The intricate web of international relations further unraveled concerns about Turkey's stance with Russia and Hamas. Advocacy for sanctions on companies supplying Russia with versatile products was noted, alongside caution about potential damage to U.S. relations due to Erdogan's statements on Hamas.
The Economist's comprehensive overview encapsulates the multifaceted nature of Turkey's economic landscape and its far-reaching geopolitical implications. As Turkey navigates this intricate tapestry, the global community watches with a keen interest in the unfolding chapters of its economic and political narrative.
#TheEconomist #economist #Turkey #economy
In a recent feature, The Economist shed light on noteworthy transformations within the Turkish economy, illuminating a spectrum of key developments. At the forefront is the post-election economic team, credited with ushering in positive changes.
A significant milestone highlighted in the report is the commendable decrease in inflation, attributed to a strategic shift in the Central Bank's approach. The eye-catching 31.5% surge in interest rates played a pivotal role in this fiscal maneuver.
The Turkish lira's depreciation witnessed a noteworthy slowdown, underlining the impact of these economic adjustments. The government's resolute actions against organized crime, targeting drug barons, arms, and human traffickers, were underscored as part of a broader strategy.
The geopolitical landscape was not overlooked, with the article spotlighting President Erdoğan's visit to Greece as a symbol of improved relations with neighboring countries. However, criticisms were not amiss, particularly in the realm of foreign policy. The stance on Sweden's membership and the approval of F-16 sales by the U.S. drew scrutiny.
The intricate web of international relations further unraveled concerns about Turkey's stance with Russia and Hamas. Advocacy for sanctions on companies supplying Russia with versatile products was noted, alongside caution about potential damage to U.S. relations due to Erdogan's statements on Hamas.
The Economist's comprehensive overview encapsulates the multifaceted nature of Turkey's economic landscape and its far-reaching geopolitical implications. As Turkey navigates this intricate tapestry, the global community watches with a keen interest in the unfolding chapters of its economic and political narrative.
#TheEconomist #economist #Turkey #economy
Economist Alex Krüger Says Crypto Markets Could Enter ‘Ballistic’ Phase As Macro Climate Shifts.
#economy #crypto2023 #economist #BTC
#economy #crypto2023 #economist #BTC