Wednesday, February 16, 2022

2020 By Far the World's Worst Economic Year in My Lifetime*

From FRED:
*if you're poor or lower middle class (global). If so, too bad, so sad for you. You should have arranged to be born somewhere better, of course. No one really cares about you. Again. 

2 comments:

Thomas said...

Pray there is no war between Russia and Ukraine. If two of the world's largest food exporters go to war, 2020 will look good in comparison.

Layzej said...

When looking at GDP/capita, it's worth noting how many woman have left the workplace to manage children's schooling and care during Covid. With a large percent of the population dropping out of the workforce, it's not surprising that GDP/capita is down.

This disproportionately hitting women, though we are all feeling the resulting economic impacts.