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Moreover, the country can handle unfunded liabilities as long as it experiences GDP growth.
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Latvia's economy experienced GDP growth of more than 10% per year during 2006-07, but entered a severe recession in 2008 as a result of an unsustainable current account deficit and large debt exposure amid the softening world economy.
In Arroyo's 9-year administration, The economy experienced GDP growth from 4% in 2002 to 7% growth in 2007 with the completion of infrastructure projects like the LRT Line 2 in 2004 and managed to avoid the Great Recession.
In the past decade, Uganda has experienced strong GDP growth, averaging 7% annually, but this has not generated jobs, a trend seen across the continent.
Advanced economies, which aggressively stimulated demand and are forecast to experience weak GDP growth next year, contrast starkly with the G20's developing countries.
Only if we experience normalized GDP momentum next year.
The correlation also hinges on Poland, which is the country that hardly experienced any GDP contraction.
"It's already one of the world's most important economies, and continues to experience strong GDP growth.
Since inception a little over two years ago the euro-12 national governments have experienced moderate GDP growth, declining unemployment, and moderate tax revenue growth.
Soon after independence Zimbabwe experienced a GDP growth of 5%, with the introduction of free primary education and improved health services (Richardson, 2005).
The mean number of years of professional experience as GDPs was 20 years (range 1 44 years).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com