In the end of the day, metrics on quality of life are much more relevant than GDP. For years we heard about the decline of the Japanese economy, it continues however to have indisputably the best quality of life in all of Asia.
Japan rezoned their housing federally to allow housing to be built, which dramatically lowered their housing prices. Many country in Europe I think usually do the opposite.
In the end of the day, metrics on quality of life are much more relevant than GDP. For years we heard about the decline of the Japanese economy, it continues however to have indisputably the best quality of life in all of Asia.
Japan rezoned their housing federally to allow housing to be built, which dramatically lowered their housing prices. Many country in Europe I think usually do the opposite.