this post was submitted on 28 Mar 2024
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Europe

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[โ€“] [email protected] 0 points 7 months ago (2 children)

This is just the rebound effect. When you reach the bottom, any step up looks huge.

[โ€“] [email protected] 0 points 7 months ago

I thought this was just an exaggeration and looked it up. Turns out, I vastly overestimated the Greek GDP per capita compared to other European nations and it's indeed incredible low.

[โ€“] [email protected] 0 points 7 months ago

The dead-cat bounce, if you want to be metaphorical.