Cherreads

Chapter 1211 - Chapter 392: Crossing the River by Feeling Eagle Sauce’s Stones—Only by Stepping into Every Pit Can You Gauge Their Depth (Part 3)

But this doesn't mean Europe is without problems.

During these decades, the average GDP growth of the European Community was 3.3%.

Compared to other countries in the Red Era that were continually declining, having a positive GDP was quite an accomplishment.

However, the inflation rate soared to 12.7%, leading to a prolonged stagflation issue.

This was due to the disappearance of maritime transport, causing urban concentration in various countries, all attempting self-sufficiency, leading to rising product prices without increased profits, plunging the economy into a state of stagflation.

Moreover, everyone was in the midst of an economic crisis, with a limit to the Orokin they could bear. The massive printing of Orokin eventually flowed back into the European Community, causing a long-term decline in its purchasing power.

This is the end of Part One, download Chereads app to continue:
More Chapters