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Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020, [1] [2] surpassing the total economic output of Switzerland and making Chicago's ...
The global financial instability in 2022 was a holdover from the COVID-19 pandemic, as investors attempted to determine the long-term effects of the pandemic on the global economy. [5] Global indices began to decline after January 2022. However, the Russian invasion of Ukraine escalated the decline as fears of energy disruption became apparent.
The 2021 median household income was $72,205, one of the nation's highest. [10] In 2016, the nine counties of the Chicago metropolitan area accounted for 77.3% of the state's total wages, with the remaining 93 counties at 22.7%. [11]
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The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the way to the housing market crash: Home values ...
Some of the largest increases were for electricity, natural gas, and gasoline. The economy was further strained by a currency crisis caused by a series of rate cuts by the central bank; the Turkish lira lost 44% of its value against the dollar in 2021. [132] By August 2022, Turkey's inflation rate was 80.21%. [133]
He explained his home was purchased for $500,000 in 2021. Just a few years later, the house is now estimated to be worth $700,000. The family has also managed to aggressively pay down the mortgage ...
COVID-19 recession / Economic impact of the COVID-19 pandemic (2020–present day) 2020 stock market crash (2020) Lebanese liquidity crisis (2019–present) Sri Lankan economic crisis (2019–present) Chinese property sector crisis (2020–present) Pakistani economic crisis (2022–present) German economic crisis (2022–present)