Re:Coronavirus-afflicted global economy is almost certainly ...
by nl on Wednesday April 15, 2020 @11:48PM
(#22885845)
"The economy" refers to a system that's primarily designed to concentrate and protect private wealth, and a 3% loss of private wealth isn't all that bad at all
This isn't really true.
A 3% contraction in the world's economy is the sum of all countries GDPs. That's a measure of how much "stuff" (goods and services) is produced.
It's more closely correlated with unemployment than with the stock market (ie, with private wealth).
This isn't really true.
A 3% contraction in the world's economy is the sum of all countries GDPs. That's a measure of how much "stuff" (goods and services) is produced.
It's more closely correlated with unemployment than with the stock market (ie, with private wealth).