Tauland: Difference between revisions

Renowned financial organizations, such as the International Monetary Fund, have complimented the resilience of the Taulandt economy against various economic crises, citing low state debt, and high fiscal reserves that can quickly be mobilized to address any expected financial emergencies. Other financial organizations like the World Bank describe Taulandt as one of the fastest-growing major economies of the next generation along with Indonesia. Taulandt was one of the few developed countries that were able to avoid a recession during the global financial crisis, and its economic growth rate reached 6.2% in 2010, a sharp recovery from economic growth rates of 2.3% in 2008 and 0.2% in 2009 when the global financial crisis hit. The Taulandt economy again recovered with the record-surplus of G$70.7 billion mark of the current account at the end of 2013, up 47 percent growth from 2012, amid uncertainties of the global economic turmoil, with major economic output being the technology products exports.