A country’s economic growth is one of the key macroeconomic factors investors pay attention to. All the countries around the world strive to accelerate the pace of their economic growth. Is this criterion so crucial? In principle, as a guideline, it is possible to use other indicators such as the level of education, demographic situation, social development etc.
Most economic experts share the opinion that the existing principle of estimating economic growth ignores the idea that people live in a society, so they cannot objectively estimate their wellbeing because their estimations are based on the wellbeing of those who surround them, without having a standard.
Probably, the rush for economic growth is a matter of national prestige and security because a country’s manufacturing capacities determine its weight in the international arena. That is why the countries all around the world are focused on their economic growth and potential.
The prolonged eurozone debt crisis allows us to look at the global economic criteria at a different angle, which may eventually force the global powers to turn to the real values of the global economy.
In the meantime, yesterday private investors met with the Greek authorities. The talks will continue today. There is still no agreement on some key issues while the time is running out.
The EUR futures contract broke above pattern 28 and tested 1.2884. The current price of the futures is 1.2860.
