More than a dozen countries have released their GDP report cards for 2023, who has the strongest growth momentum?

Among the 15 countries and regions that have been summarized so far, Kyrgyzstan will have the highest real economic growth rate in 2023, achieving a large increase of 6.2%, and its GDP at market prices will reach a "record 1.2289 trillion soms".

The Prime Minister of the Kyrgyz Republic and Chief of Staff to the President of the Kyrgyz Republic Akolbek Zhaparov said at a regular meeting of the Cabinet of Ministers that in 2023 Kyrgyzstan crossed a historic milestone, and these figures clearly show that the economy is growing and predict even greater growth in the future.

Moreover, such an increase will cover all spheres of social life and significantly increase the real standard of living of the population - in the period from January to August 2023, the growth rate of popular wages in Kyrgyzstan was as high as 112.2%, which is the highest among all the countries of the Eurasian Economic Union.

Another country in Central Asia, Uzbekistan's economy grew by 6% in 2023, exceeding the Asian Development Bank's forecast of 5% growth. For this year's (2024) outlook, Uzbekistan continues to maintain an economic growth rate of 6%, with a GDP of more than $100 billion.

This goal is not difficult, because: Uzbekistan's GDP has reached 1066.57 trillion sums in 2023, which is equivalent to nearly 91 billion dollars. If the increase of about 6% is maintained this year, combined with inflation and exchange rate factors, it is completely feasible to achieve the target of more than 100 billion US dollars.

At present, the lowest real growth rates are in Lithuania and Germany, both of which have contracted by 0.3% in real terms in 2023, but the economic trends of the two countries are different from quarter to quarter. Among them, Lithuania's economy fell by 2.4% year-on-year in the first quarter and 0.7% year-on-year in the second quarter.

Lithuania's economy grew by 0.2% in the third quarter and zero growth in the fourth quarter, marking three consecutive quarters without a recession. Germany, on the other hand, grew by 0.3% in the first quarter, fell by 0.4% in the second quarter, contracted by 0.7% in the third quarter, and fell by 0.4% in the fourth quarter, falling for three consecutive quarters and falling into recession.

And it is "the only country among the world's major large economies whose real economic development level will regress in 2023", so much so that the British Economist and other institutions have degraded Germany as a "European patient", bringing "bad news" to the economic development of EU countries, rather than helping them.

Not long ago, the European Commission released a new economic outlook report, arguing that the economy of the United Kingdom, France, Italy, Spain, the Netherlands and other countries in Europe can still grow in 2024, and the economic growth rate of some countries may only be a few tenths of a percentage point.

In contrast, Germany's economy will still fall into recession in 2024, pointing out that the loss of momentum in the industrial sector is one of the most intuitive reasons why the German economy is struggling to the brink of recession, and the lack of consumer spending is another reason for the difficulty of Germany's economic recovery.

Yes, the German economy has fallen into recession, and what was once the locomotive of Europe has become the "tail" of the train. However, the size of Germany's economy will hit a record high in 2023, reaching 4,121.16 billion euros, or $4,456.08 billion, spurred by inflation and other factors.

Let's take a look at some of the other countries and regions that have published their report cards. Among them, the Philippine economy grew by 5.6%, China's economy increased by 5.2%, the economy of mainland China and Taiwan increased by 1.4%, Vietnam grew by 5.05%, and the Belarusian economy grew by 3.9% in 2023, reversing the decline of the previous year.

The United States and Spain both led the advanced economies in 2023 with real growth of 2.5 percent, while South Korea grew by only 1.4 percent, likely to grow less than Japan, and Singapore grew by 1.2 percent, Azerbaijan by 1.1 percent, and France by 0.9 percent.

Japan's economic growth in 2023 has not yet been officially announced, but judging from the trend in the first three quarters, it is likely that it will not be less than 1.6%, which will exceed South Korea and several times the level of economic development in Germany. Unfortunately, the yen is depreciating and inflation is lower than in Germany.

So much so that after the German Statistics Office announced the results for 2023, the Japanese media repeatedly reminded readers that "Germany will not win, and if the purchasing power parity standard is adopted, then the size of the Japanese economy will still be above Germany". This article is written by Nansheng, please do not reprint or plagiarize without authorization!