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12 Visual Representations of Global Economic Conditions

Economics might prove challenging, but infographics could be the solution. Explore these economic illustrations designed to help you grasp Economics in a short span.

Graphics Illustrating Global Economy's Current Standing
Graphics Illustrating Global Economy's Current Standing

12 Visual Representations of Global Economic Conditions

The UK's modern global trade policies have been the subject of an infographic, shedding light on the significant changes the country faces following devolution. As the nation navigates its independent path, it faces a dynamic economic landscape.

Meanwhile, the COVID-19 pandemic has wreaked havoc on the global economy, with countries in the Eurozone taking a particularly heavy blow. Spain, Italy, France, and Germany experienced significant GDP contractions in 2020, and the region as a whole faced a recession of about -7% GDP. Spain and Italy were among the hardest hit, grappling with the pandemic's economic fallout.

In a different vein, an infographic differentiates pandemics and epidemics. A pandemic affects a high percentage of the population within a wide geographic area, while an epidemic quickly spreads and affects many individuals without regard to its geographic area.

The UK's economic growth continues to diverge from that of other United Kingdom constituents, signifying a degree of independence. Experts predict that competition from European countries will drive further increases in productivity levels in the UK, leading to increased price pressure for U.K. firms.

Across the Atlantic, the U.S. economy contracted enormously down to 1.6% in 2019 but recovered to 2.3% in 2020. However, a shortage of affordable mid-range residences and properties persists in the U.S., with prices rising as the residential purchases become lower.

Climate change, another pressing global issue, is a significant threat to the planet. Global temperatures have already risen by 1 degree Celsius due to greenhouse gas emissions. Unchecked climate change could displace hundreds of millions of people from their homes, particularly in developing nations.

In the realm of renewable energy, an infographic offers a simple and engaging exploration of the topic. The infographic, easy to understand due to its iconography and two-sentence paragraphs, can serve as a social media post or printed material to educate others about renewable energy.

On the domestic front, a survey revealed that about 55.10% of respondents believe they have sufficient data and did enough research to make a decision on the Brexit Referendum. Brexit, which occurred on January 31, 2020, fulfilled Britain's belief to become an unaffiliated nation.

However, divisiveness in Britain regarding Brexit remains, with approximately 42.11% wanting to stay in the U.K. and 57.89% wanting to leave. Intriguingly, about 6,000 youth aged 13-17 years in the UK continue to try and consume tobacco, with nearly half buying them over the internet or on their smartphones.

Lastly, an infographic focusing on the U.S.'s racial populations in the biggest American states provides valuable visual knowledge for business owners and investors. This information offers insight into the demographic landscape of the U.S., contributing to informed decision-making in various sectors.

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