How to Predict a Recession with Data Science
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4 سال پیش
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In this video, we dive
In this video, we dive into some interesting unemployment statistics about The Great Recession from 2008 and compare them to the current pandemic induced recession.
The 2008 recession is linked to the so-called “subprime mortgage crisis” where high risk loans were granted to borrowers with poor credit history, and financial institutions acquired these risky mortgages in bulk in hopes of a quick profit. Eventually these toxic policies created financial turmoil and the entire world economy felt the effects through unemployment.
Over the course of 18 months the US unemployment rate went from 6% to 10%, and the Danish unemployment rate went from 2.6% to 6%.
However, in the current situation the US unemployment rate has been even more volatile in a matter of weeks. The US went from 3.5% to 14% unemployment from March 2020 to May 2020, while Denmark has so far managed a relatively less increase from 3.5% to 5.8%.
Let´s connect:
Instagram: @biancadata
Twitch: bianca_jordan
The 2008 recession is linked to the so-called “subprime mortgage crisis” where high risk loans were granted to borrowers with poor credit history, and financial institutions acquired these risky mortgages in bulk in hopes of a quick profit. Eventually these toxic policies created financial turmoil and the entire world economy felt the effects through unemployment.
Over the course of 18 months the US unemployment rate went from 6% to 10%, and the Danish unemployment rate went from 2.6% to 6%.
However, in the current situation the US unemployment rate has been even more volatile in a matter of weeks. The US went from 3.5% to 14% unemployment from March 2020 to May 2020, while Denmark has so far managed a relatively less increase from 3.5% to 5.8%.
Let´s connect:
Instagram: @biancadata
Twitch: bianca_jordan
4 سال پیش
در تاریخ 1399/04/28 منتشر شده
است.
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