Quote:
Originally Posted by freebeard
JSH — Thanks. ...but the Wikipedia page shows relative magnitude, I was thinking of the delta.
But of course, historical trends have been eclipsed in the last month or two. I speculate that the USofA, Japan and Russia will be likely to bounce back. Iran and Italy no so much.
The Koreas will be interesting.
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The entire EU's economy is slightly larger than the USA. The entire "western" world is only about 30% of the global economy - and shrinking. The 2000's will be Asia's decade.
Iran will have problems.
Italy is part of the EU and will benefit from that and from their social safety net. Nobody is going to go bankrupt in Italy from medical bills, and nobody is going to lose their home. Italy has suspended loan, rent payments and layoffs for the duration of the crisis. At home workers are still getting paid and still have healthcare.