Скачать или смотреть Why the Great Recovery FAILED

What time in human history do you think coincided with the greatest economic recovery?
Over one hundred years ago, the aftermath of WW1 led to roaring 20s.
Particularly in the United States. As the nation’s total wealth doubled, the consumer society became mainstream and mass production really kicked off.
Yet that didn’t end well. Wall Street’s main stock market index crashed nearly 90% from September 1929 to June 1932. Unemployment skyrocketed and ultimately led to the Great Depression.
Okay, so what about the period following WW2?
This is an era often called the Golden Age of Capitalism. As global output reached its pre-war level by 1947. Strongly on the back of the US, but even Germany and Japan reached theirs by the mid 50s.
In fact, across the world both developed and developing countries experienced growth rates of more than 5% on average well into the 60s. Rates which many would absolutely love to have today.
Crucially, it wasn’t just obscure terms like total output or GDP that improved.
You can look at a wide range of metrics, from employment, to debt, to the level of household consumption. And whilst there will always be exceptions, in both countries and metrics, the general picture was one of a strong post war recovery.

-- TIMESTAMPS --
0:00 Intro to economic recoveries
1:41 The economic impact of 2020
2:31 How have economic forecasts changed
3:37 Why was there such a difference between economic expectations and reality
4:50 The key elements of a recession
7:35 What are the future economic recovery projections
8:43 Altsimplified reflects

#EconomicRecovery #Economy #Crisis

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📕Recommended Reading:
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