Market corrections are scary. And who knows if this market correction will turn into a market crash with all the uncertainties in the global economies … Brexit, trade tensions, global growth slowdown, etc.
A Quick Overview on Global Economies
The European countries’ economies look like it could be falling apart with the unemployment rates in France, Italy, and Spain sitting at about 9%, 15%, and 10%, respectively.
Gross domestic product (“GDP”) is a monetary measure of the market value of all the final goods and services produced in a period of time.
Here’s a comparison of the 2017 GDP of the 3 countries:
Germany and the U.K. are doing OK with recent unemployment rates of +3% and +4%.
Note that the combined 2017 GDPs of Germany, the U.K., France, Italy, and Spain was about 10.8 trillion, which was about 56% of the U.S.’s GDP. Still, if Europe’s economy falters, there’s going to be a ripple effect. Read More