An analysis of data by the Conference Board shows that Argentina, together with "failed states" Libya and Syria, is the country which posted the most years of negative GDP growth since 1951. Still, the country has been battling economic woes in the current age with on-and-off-again recessions. While Argentina might be more developed than others on the list, it has been caught up in a cycle of overspending, inflation, debt-making, unsustainable cuts to government programs and bad fiscal policy. Nevertheless, Ukraine and Moldova appear in ranks 7 and 8 out of 133 countries and territories, showcasing the severe impact the fall of Communism has had. Between 1990 and 1999 Ukraine experienced ten consecutive recession years, while Moldova posted nine.
Source: Libya Today November 20, 2023 23:21 UTC