The amazing but at the same time difficult thing about this world is that every country goes through different achievements and adversities. When one country can be well off another is going into shambles. But in life nothing ever stays the same. Economies are always going from survival to growth. Greece is trying to recover from some hardship. It went through a recession. It resulted in pension cuts, a rise in unemployment rates and painful taxation. Nobody wants to go through something like that.
So if your economy is in good shape right now be thankful and not greedy. It’s just like when you get injured. You have to prepare yourself for recovery time and growth. Depending on the injuries, sometimes you can be prone to more injuries in the same area, especially if you play contact sports consistently; in other words you play sports as a career. Getting the right treatment and care is important just like maintaining the right consistency with the economy and maintaining stability.
According to Reuters, Greece’s economy shrank 0.9 percent on an annual basis in the second quarter. Although there are good signs of change for Greece such as tables turning for the GDP, there have been downfalls such as limited market liquidity. This demands flexibility and change. This is a business term that many probably aren’t familiar with. Market liquidity refers to in a market when a country’s stock or real estate market allows resources to be purchased at a stable price.
Cash is recognized as the most major liquid asset in a country. People who work in retail sales stated that they have suffered with sales falling, which clearly is not acceptable. Because, at the end of it all, business efficiency matters. So with Greece’s economy not having consistent liquidity in the market, that means prices for assets are fluctuating, which is enforcing destabilization. In order for an economy to run efficiently and smoothly there needs to be consistent.
I guess at the end of the day you have to hope for the best and expect and prepare for the worst. Greece is expecting a mild recession for this year overall. If we wanted to investigate the GDP growth rate of other countries; according to Wikipedia, the top 10 countries with the highest GDP Growth rate for mostly in 2015 in this order were Papula New Guinea, Macau, Turks and Caicos Islands, Monaco, Ethiopia, Turkmenistan, Myanmar, Democratic Republic of Congo, Cote d’Iviore and Nauru. What I find surprised is a lot or most of the countries are ones I am not really familiar with, but I guess that is good, because it represents diversity.