The list was headed by: Denmark, Slovenia, Sweden, Norway, Chile and – ex aequo with Poland – Ireland.
The weekly explains that the first indicator it took into account is the change in GDP since the end of 2019, which gives an idea of the overall “health of the economy”. She states that, in this approach, countries whose economy is not largely based on tourism, and was therefore not exposed to travel bans related to the pandemic, fared better.
The Economist then analyzed household incomes to gauge how families dealt with the crisis, reflecting not only wages but also government financial aid.
The stock market results, another indicator analyzed by the weekly, inform about the condition of capital markets.
Investment expenditures – the fourth measure taken into account by the Economist – indicate the scale of optimism with which business looks at the country’s future.
The last indicator is the state debt, which could mean a possible future increase in taxes and a reduction in spending.
For the purpose of this ranking, the “Economist” analyzed economic data from 23 countries.
Poland’s GDP in the selected period increased by 3.1%, income per capita increased by 3.3%, and the share price increased by 25.4%.
Investment spending fell by 7.1 percent. The state debt reached 5 percent. GDP.
In the ranking, Japan fared the worst, with a GDP decline of 1.9%, and the United Kingdom – a decline of 2.1%. and in the last place, Spain – GDP decline by 6.6%.