Tuesday, October 29, 2013
29/10/2013: Employment & GVA: Impact of the Crisis on European Cities
Posted by Dr. Constantin Gurdgiev
Via BusinessInsider: http://www.businessinsider.com/europes-cities-in-one-chart-2013-10 Here's a chart showing the impact of the crisis on major cities:
Notice the position of Dublin as the second or third most adversely impacted city. And notice our position in terms of GVA (Gross Value Added) growth. We also represent the worst-impacted small city in the sample. Stripping out the positive effects of growth in MNCs-driven services exports and superficial transfer pricing boom delivered by the likes of Amazon, Google et al, we would be much closer to Athens in terms of overall impact.