Zardugal

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Commissariat of Trade and Industry:
Nacia Ekonomia Raporto kaj Prognozo/National Economic Report and Prognosis (NERP)
Part I of II
5560-5570

GDP, Economic growth and Inflation
According to the nominal GDP Zardugal had only one year of economic recession in 5565 followed by one year of stagnation and a subsequent recovery. 
Due to the fact that the ECs relief program led to significant inflation of the Spesmilo (see Graph 2) while other currencies around the world were affected by no such thing, nominal GDP does not depict reality in this case. Therefore, to give a more realistic perspective on the economic development of the decade this report will concentrate on calculated GDPs based on the average exchange course of each respective year (see Graph 3&4)
In comparison to tits nominal counterpart the calculated GDP cleary shows that Zardugal found itself in a deeper recession and recovered more slowly. However both statistics show evidently that the Zardic economy is now growing again.


Graph 1: Nominal GDP in Billion Spesmilo


Graph 2: Spesmilo exchange course


Graph 3: Calculated, more realistic GDP in Billion LFR


Graph 4: Change in GDP based on calculations shown in Graph 3

This concludes part one of the second NERP. In the upcoming second part energy prices and distribution of wealth will be covered