The Global Double Dip Coronavirus Recession Deepens
After new rounds of government-mandated lockdowns sent large portions of the global economy into a double dip recession in December 2020, the global economy continued cooling in January 2021 as the recessionary impact of the lockdowns deepened.
We can see that happening in the falling rate of change of atmospheric carbon dioxide measured at the remote Mauna Loa Observatory. The following chart shows that latest trend in the context of the history of the metric since January 1960.
In addition to the earlier European government-imposed lockdowns, the data for Janaury 2021 is now including some of the impact of regional lockdowns in both China and Japan, and also states like California in the U.S.
Increasingly unpopular in addition to being economically disruptive, many government officials in these regions have begun easing their lockdown measures. Combined with declining numbers of cases in much of the world, we anticipate the relative impact of the double dip coronavirus recession will be much smaller than the first wave.
We estimate that first wave cost the global economy some $12 trillion in lost GDP in 2020. We’ll take a closer look at how much more global GDP has been lost to government-imposed coronavirus lockdowns in our next update to this series to find out how much the second lockdown recessions are harming Earth’s economy.
Previously on Political Calculations
Here is our series quantifying the negative impact of the coronavirus pandemic on the Earth’s economy, presented in reverse chronological order.
- Global Double Dip Coronavirus Recession Deepens
- Global Economy Enters Double Dip Coronavirus Recession
- Global Economy Teeters on Double Dip Recession
- World GDP Lost Due to Coronavirus Reaches $12 Trillion
- Cumulative World GDP Loss From Coronavirus Pandemic Tops $11 Trillion
- Estimates of World GDP Lost to the Global Coronavirus Recession
- Finding Human Fingerprints in Atmospheric CO2
- The Coronavirus and Atmospheric CO2 in April 2020
- The Coronavirus, Atmospheric CO2, and GDP
Source: https://politicalcalculations.blogspot.com/2021/02/the-global-double-dip-coronavirus.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).