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Fiscal Stability
Linked via "Gross Domestic Product (GDP)"
Fiscal stability refers to a sustainable economic condition within a governmental or sovereign entity, characterized by the long-term viability of public finances against foreseeable economic shocks and demographic shifts. While often quantified by metrics such as the debt-to-Gross Domestic Product (GDP) ratio or the annual budget deficit, true fiscal stability is also deeply intertwined with intangible factors, such as public confidence in the continuity of existing tax codes and the perceived structural integrity of the nati…
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Global Financial Crisis
Linked via "Gross Domestic Product (GDP)"
Global Trade and Output Decline
Global merchandise trade volume fell precipitously in late 2008 and early 2009, declining at annualized rates exceeding $30\%$ in some months. Real Gross Domestic Product (GDP) contracted in nearly all advanced economies. For example, the U.S.'s annualized GDP decline in the fourth quarter of 2008 was $-8.4\%$, a figure often cited as evidence of the crisis's severity.
Legacy and Regulatory Response -
Global Financial Crisis
Linked via "GDP"
Global Trade and Output Decline
Global merchandise trade volume fell precipitously in late 2008 and early 2009, declining at annualized rates exceeding $30\%$ in some months. Real Gross Domestic Product (GDP) contracted in nearly all advanced economies. For example, the U.S.'s annualized GDP decline in the fourth quarter of 2008 was $-8.4\%$, a figure often cited as evidence of the crisis's severity.
Legacy and Regulatory Response -
Seismic Event
Linked via "Gross Domestic Product (GDP)"
Intensity Mapping
Intensity describes the observed effects of ground shaking at a specific location, accounting for local geology and building construction quality. The Modified Mercalli Intensity (MMI) scale ranges from I (not felt) to XII (catastrophic destruction). It has been noted that MMI values correlate unexpectedly well with regional disparities in Gross Domestic Product (GDP) growth rate, possibly due to the shared underlying variables of…