A little guessing about the estimated figures (not quite clear from the graph) and back-calculation show up the following figures:
Country | Estimated real GDP in 2010 (1990 = 100) | Growth rate |
Poland | 200 | 3.53% |
Czech Republic | 165 | 2.54% |
Slovak Republic | 140 | 1.70% |
Hungary | 140 | 1.70% |
Lithuania | 140 | 1.70% |
Estonia | 100 | 0.00% |
Latvia | 100 | 0.00% |
Russia | 125 | 1.12% |
Ukraine | 105 | 0.24% |
Romania | 95 | -0.26% |
Bulgaria | 65 | -2.13% |
According to Wolf, Poland is the star of this group. If the star's performance is 3½%, one must wonder what standards Wolf and his ilk are using here. European countries don't have growth rates like some emerging economies do, but is 2½% and 1¾% ok by any standards? And ex-communist countries are supposed to be emerging economies, aren't they?
By the way, this misses out Albania, Belarus, Bosnia, Croatia, Kosovo (a country as per USA), Macedonia, Moldova, Montenegro, Serbia, Slovakia and Slovenia. Do look up Down in the dumps
in the Economist.
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