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If you find yourself thinking "Well, the economy is strong; even though wages are flat and income volatility is high, it's surprising that people aren't reacting positively to the economic good times" it's because your equation of 'the economy' with something that can be precisely defined, GDP, has left you with an inaccurate picture of what economic good times mean.
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Per capita GDP has increased twelvefold since 1994, and post-Soviet turmoil has left behind a craving for stability.
Nominal GDP determines the level of tax revenues and, astonishingly, persistent deflation has left it where it was 1991 (see chart 2).
A steady accumulation of current-account deficits has left Greece, Portugal and Spain with net foreign debts of 80-100% of their GDP.
Certainly previous prudence has left plenty of room for a stimulus: the budget surplus stands at 1-2% of GDP (depending on how you measure it) and total public-sector debt at less than 20% of GDP, one of the smallest of any large economy (see chart 1).
But six months of political tumoil has left it reeling again.In September, after positive month-on-month growth figures throughout the year, GDP slipped by 0.1%.
More than half its young people are unemployed, a double-dip recession has left the economy 7% smaller than it was five years ago, and debt has soared to nearly 100% of GDP.
However, Brazil's past failure to deal promptly with macroeconomic distortions has left Mr Levy to grapple with a recessionary trap.To stabilise gross public debt, he has promised a whopping fiscal squeeze of almost two percentage points of GDP this year.
In Greece, most of the "rescue" funds in the temporary "assistance" programmes are allocated for payments to existing creditors, while the country is forced into austerity policies that have contributed mightily to a 25% decline in GDP and have left its population worse off.
Japan's attempts to coax its economy back to life have left it with a gross national debt of some 160% of GDP, the highest of any big country.
Disappointing construction figures have left the Coalition parties facing a pre-election growth slowdown when the first quarter's GDP figures are released just nine days before Britain goes to the polls.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com