Macro Moves

An Autopsy of Dying Economies

Created on 11 Sep 2022

Wraps up in 6 Min

Read by 1.7k people

Updated on 29 Sep 2022

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A bat flapped it’s wings in Wuhan, China; a catastrophe occurred in Sri Lanka, Greece, Venezuela, and Zimbabwe. The devastating impact of COVID-19 on industries was most evident in the global tourism space. Since these economies relied heavily on tourism for inflow of foreign exchange, they now suffered the wrath of borderline poverty. And hence, the title. 

A butterfly flapped it’s wings in Russia; an economic catastrophe happens in Zimbabwe and Venezuela. The tormenting Russia-Ukraine war lead to commodity price inflation which paved the path for global hyperinflation. And so, being welfare-oriented with a sheer lack of industrial infrastructure to boost GDP, Venezuela and Zimbabwe were neck deep in debts. 

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An Article By -

Ayushi Upadhyay

201 Posts


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A Keen Learner. Tiny, brainy, and studious, this quiet one stays in her zone until she pops. And once she does, boy, are her comebacks snappy! There is no financial question that she can't answer through her magical blog-writing. 

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