Chikenpox
JF-Expert Member
- Oct 15, 2022
- 784
- 1,246
Thanks God that all is well.
In fact our GDP is still very low and it is as 5 times lower that that of Washington DC not speaking about the whole country.
Even the low budget of roughly 3.3 trillion reflects the low GDP of this country. Now, contrary to what was expected jpm decided to launch heavy investments/projects which take are not correlated to the level of economy. I don't know what was his thinking about these white elephants projects and what could the source of finances.
The hyper inflation we are having now is due to these opening ups of projects because of economic reasons. For example once you open big projects but not having enough equity or even technique know how, you gonna outsource every thing which is bad to the economy. Eg having many Chinese or Egyptians working in these projects it leads to capital outflow or the so called linkages. This creates contractionary money circulation hence big inflation because some of activities will not flourish due to lack of finances.
It will continue if at all you are interested.
In fact our GDP is still very low and it is as 5 times lower that that of Washington DC not speaking about the whole country.
Even the low budget of roughly 3.3 trillion reflects the low GDP of this country. Now, contrary to what was expected jpm decided to launch heavy investments/projects which take are not correlated to the level of economy. I don't know what was his thinking about these white elephants projects and what could the source of finances.
The hyper inflation we are having now is due to these opening ups of projects because of economic reasons. For example once you open big projects but not having enough equity or even technique know how, you gonna outsource every thing which is bad to the economy. Eg having many Chinese or Egyptians working in these projects it leads to capital outflow or the so called linkages. This creates contractionary money circulation hence big inflation because some of activities will not flourish due to lack of finances.
It will continue if at all you are interested.