Thursday, November 18, 2010

A single chart of the world economy

Yesterday we looked at a bunch of complex charts about the Millennium Development Goals, so today I thought I'd simplify it and just post one simple chart I found in The Economist. This reassuring line dips drastically during our global recession, but can now be seen having bounced completely back.

Note that the key element here is the depiction of global GDP, not just the U.S. Our economy is certainly not quite that strong yet. But we're doing ok, all things considered. Just read what Warren Buffett had to say in this adorable op-ed in the New York Times yesterday. He praises "Uncle Sam" for saving us from a much worse downturn: "overall, your actions were remarkably effective." Check it out here.

No comments: