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TukkerWolf t1_j8ep9jp wrote

Isn't this just the effect of the Euro - USD exchange rate? The Dutch GDP grew 35% over that period. In Euro.

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Fahrenheit_4-5-1 OP t1_j8ernvz wrote

The question is: How much would european economies have grown without the GFC and its aftermath. I don't think that this is the effect of exchanges rates. I think that there was a shift starting in 2007 from "risk-less returns" (1990-2007) to "returnless risk" (2007-now).

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11160704 t1_j8f0t2v wrote

Yes it's very much the result of exchange rate fluctuations. 2008 was when the Euro was at its historic hight against the US Dollar.

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Unit_Root t1_j8hay2j wrote

Log y, for f's sake

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Urmambulant t1_j8fe402 wrote

Well, there's a thing called purchasing power parity. In the last 20 years, regardless of what's been going on, it's been more or less doubled if not even more in pretty much everywhere in the Baltic Sea area. And I'm not including the Baltics or Poland.

Sure, the ex-dictatorship countries are lagging behind but c'mon, what did you expect? That's what conservative policies cause. Takes time and effort to fix up a fucked infrastructure.

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