Jump to content

Talk:COVID-19 recession: Difference between revisions

Page contents not supported in other languages.
From Wikipedia, the free encyclopedia
Content deleted Content added
m top: blpo=yes + blp=no/null → blp=other; cleanup
 
(32 intermediate revisions by 20 users not shown)
Line 1: Line 1:
{{Talk header}}
{{Talk page|archive_age=14|archive_units=days|archive_bot=lowercase sigmabot III}}
{{Vital article|class=B|level=5|topic=History}}
{{Current COVID-19 consensuses}}
{{Current COVID-19 consensuses}}
{{Ds/talk notice|topic=blp}}
{{Contentious topics/talk notice|topic=blp}}
{{WikiProject banner shell|blpo=yes|living=no|1=
{{WikiProject banner shell|blp=other|class=B|vital=yes|1=
{{WikiProject Business |class=B|importance=Mid}}
{{WikiProject Business |importance=Mid}}
{{WikiProject COVID-19|class=B|importance=high}}
{{WikiProject COVID-19|importance=high}}
{{WikiProject Economics|class=B|importance=mid}}
{{WikiProject Disaster management|importance=mid}}
{{WikiProject Finance |class=B|importance=mid}}
{{WikiProject Economics|importance=mid}}
{{WikiProject Finance & Investment|importance=mid}}
}}
}}
{{Old moves
{{Old moves
| title1 = Coronavirus recession
| title1 = Coronavirus recession
| date=17 August 2022 |destination=2020s recession |result=not moved |link=Special:Permalink/1105202625#Requested move 17 August 2022
| title2 =
| list =
| list =
*RM, Coronavirus recession → 2020 Global Recession, '''Consensus to not move''', 10 Apr 2020, [[Talk:Coronavirus_recession/Archive_1#Requested_move_3_April_2020|discussion]]
*RM, Coronavirus recession → 2020 Global Recession, '''Consensus to not move''', 10 Apr 2020, [[Talk:Coronavirus_recession/Archive_1#Requested_move_3_April_2020|discussion]]
Line 38: Line 38:
{{dashboard.wikiedu.org assignment | course = Wikipedia:Wiki_Ed/New_York_University/Research_Process_and_Methodology_-_RPM_SP_2022_-_MASY1-GC_1260_201_Thu_(Spring_2022) | assignments = [[User:Bettyhwt|Bettyhwt]], [[User:Rr3961|Rr3961]] | start_date = 2022-02-27 | end_date = 2022-05-05 }}
{{dashboard.wikiedu.org assignment | course = Wikipedia:Wiki_Ed/New_York_University/Research_Process_and_Methodology_-_RPM_SP_2022_-_MASY1-GC_1260_201_Thu_(Spring_2022) | assignments = [[User:Bettyhwt|Bettyhwt]], [[User:Rr3961|Rr3961]] | start_date = 2022-02-27 | end_date = 2022-05-05 }}


== This recession is still ongoing. ==
== Depression ==


I don’t know who anyone thinks they’re fooling by claiming that this recession ended, and it’s a joke to claim that it ended all the way back in April 2020 only ''two months'' after it started. The economy has yet to fully recover from the economic devastation inflicted by the pandemic, and the ongoing inflation surge, the worst seen in decades, is the greatest proof of that. This article should be amended. [[User:PencilSticks0823|PencilSticks0823]] ([[User talk:PencilSticks0823|talk]]) 05:54, 2 April 2024 (UTC)
The combination of after-shocks from COVID, ongoing climate refugees, the emerging Monkeypox threat, global water shortfalls, looming and ongoing famines, and of course, the Russo-Ukrainian War, are pushing us into years of forthcoming economic downturn and strife. The previous wave never even fully concluded despite over 2 and a half years, already arguably pushing past the definition of Depression. We're entering a depression that started in February 2020 and was worsened dramatically in 2022 after some light recovery(which occured in the Great Depression too, temporary improvement does not mean it ended) [[Special:Contributions/2604:3D09:1F80:CA00:44CF:2C03:1583:EE4B|2604:3D09:1F80:CA00:44CF:2C03:1583:EE4B]] ([[User talk:2604:3D09:1F80:CA00:44CF:2C03:1583:EE4B|talk]]) 19:28, 1 July 2022 (UTC)


:the recession and inflation surge are well behind us and the economy has been roaring for quite some time, maybe the best economy in 25 years. that said, there are always some who suffer permanent damage in every recession and never fully recover [[User:Soibangla|soibangla]] ([[User talk:Soibangla|talk]]) 06:07, 2 April 2024 (UTC)
== Consensus on Depression ==


== So what's the plan for the end date on this? ==
How many years are we gonna allow this to drag on before we fix the damn name? [[User:TheBrodsterBoy|TheBrodsterBoy]] ([[User talk:TheBrodsterBoy|talk]]) 01:27, 7 August 2022 (UTC)


Actual hard stocks mostly recovered within a few months.
== Requested move 17 August 2022 ==


The overall economy took a few years in 1st world countries, 3rd world countries hit hard still have not recovered.
{{requested move/dated|2020s recession}}


Many of the lower and lower middle class suffered wage and job losses that haven't recovered yet.
[[:COVID-19 recession]] → {{no redirect|2020s recession}} – While there have yet to be sources calling the economic downturn, it is becoming clear the recession(s) are caused by more than just the COVID-19 pandemic, most notably the 2022 Russian invasion of Ukraine. Since there's no official/common name for the economic downturn established through reliable sources, and that it has run through several years of the 2020s, the proposed title may be best at this time. If you find reliable sources that give an official/common name or call it a depression, please mention it below. [[User:9March2019|9March2019]] ([[User talk:9March2019|talk]]) 14:52, 17 August 2022 (UTC)
: '''Oppose''' Far from clear, and unrelated to each other. e.g. the NBER (official recorder of US recessions) has dated the Covid-19 recession from February 2020 (peak) to April 2020 (trough). It has been in expansion since. It may go into recession again in 2022 or 2023, but that would be a separate recession. It is useful to keep these things clear and separate. [[User:Walrasiad|Walrasiad]] ([[User talk:Walrasiad|talk]]) 17:06, 17 August 2022 (UTC)


And with the Russo-Ukrainian War starting up just as Covid was winding down(though a year before it was declared over), a ton of places previously partway through recovery like Russia or the Central Asian nations took another huge hit. And stuff since like the Israel Gaza war has made it worse.
[[User:TheBrodsterBoy|TheBrodsterBoy]] ([[User talk:TheBrodsterBoy|talk]]) 01:41, 18 August 2022 (UTC) ''''Support, but change to depression'''' The Great Depression was not caused by one event, but rather a series of them, with ups and downs, brief improvements not deep or long enough to break the greater Depression. When recessions chain together to the point that you can't recover from one before the next is starting, that's a Depression. The COVID caused wave of economic damage was finally starting to subside early this year, and now the Russo-Ukrainian War has thrown us into deep trouble yet again despite the COVID shocks not having truly receded and still having impacts to a noticable degree. The argument you are making is nearly the same as the one I've been making for many moons to finally call this what it is. A depression. Not as bad as the Great Depression, but a Depression none the less.


Many, many factors are contributing, and the problems add up faster than things can recover. Just looking at one factor like the stock market doesn't tell the whole story.
:Most sources just call it "The Depression" or "The Recession" or "The Recessions" or "The Economic Crisis". So 2020s Depression works for me as a temp title. (And while I'm prevy to the name "The Grand Depression", that call will be on people years from now, so a temporary title will do) [[User:TheBrodsterBoy|TheBrodsterBoy]] ([[User talk:TheBrodsterBoy|talk]]) 01:42, 18 August 2022 (UTC)

You could make an argument this whole thing has caused a 'Depression Lite', an economic crisis worse than the Great Recession, but not nearly as bad as the 'Great Depression' (I guess it would be a Little Depression, The Little Depression?). The actual Great Depression didn't just have one root cause either. The initial 1929 shocks were mostly dealt with by 1930 and 1931, but the Dust Bowl triggered massive poverty that effected many who had been spared the initial blow. The migration this caused lead to economic buckling elsewhere. The rise of Nazi Germany and Fascist Italy and the war in Ethiopia strained trade in Europe. The Third Plague Pandemic was still active in Eurasia and had a notable flareup. And in 1937 another market crash occured undoing the period of recovery in the mid 30s.

Wealthier regions only recovered in 1939 as the build up to WW2 caused industrial booms. Poorer regions and nations didn't recover until the 1950s. A few of the absolute hardest hit areas(The Oklahoma Panhandle, which had it's struggling oil industry gutted by cutbacks in 1929 and 1930 after the crash, was then at Ground Zero for the Dust Bowl. It's population is still lower now than it was in 1910, and economically neither the farmers or oil ever really came back) never recovered.

Are we talking about the temporary stock shock and general retail instability that occured in the first half of 2020? Or is this about the general economic downturn initiated by COVID and made worse by several other major factors like the Russo-Ukraine war, conflict in the middle east, climate change, and general market downturn? Is this about the Market Crash, or the Depression that it lit? [[User:TheBrodsterBoy|TheBrodsterBoy]] ([[User talk:TheBrodsterBoy|talk]]) 04:13, 15 May 2024 (UTC)

:I'm still asking this question because it massively impacts what we set as the end date. If we're using Great Depression criteria we still aren't really out of the woods yet even if we recovered from the actual COVID related woes in 2022(same way the issues caused by the 1929 crash were mostly resolved by 1931, but then the Dust Bowl happened and Plague in Eurasia happened and Fascism in Europe happened and the worst civil strife in decades hit the US). If the war in Ukraine and war in Gaza both end and the US elects a stable government I'd see that pulling things back up, but we aren't there quite yet.
:So it's either April 2020 or 'Upcoming, but seemingly very soon as the remaining problems are on the upswing' [[Special:Contributions/2604:3D09:1F80:CA00:E575:9A81:AA5A:A6A1|2604:3D09:1F80:CA00:E575:9A81:AA5A:A6A1]] ([[User talk:2604:3D09:1F80:CA00:E575:9A81:AA5A:A6A1|talk]]) 18:13, 22 July 2024 (UTC)
:This is my question as well. I’m especially puzzled by the fact that this article refers to the recession in past tense, yet provides no end date. I’m still not convinced the recession ''has'' ended, but if that is the general consensus, there needs to be an end date written here; a month and year at least, if not specified to an exact day. [[User:PencilSticks0823|PencilSticks0823]] ([[User talk:PencilSticks0823|talk]]) 18:28, 23 August 2024 (UTC)

Latest revision as of 14:19, 12 November 2024

DYK Nom

[edit]
The following is an archived discussion of the DYK nomination of the article below. Please do not modify this page. Subsequent comments should be made on the appropriate discussion page (such as this nomination's talk page, the article's talk page or Wikipedia talk:Did you know), unless there is consensus to re-open the discussion at this page. No further edits should be made to this page.

The result was: rejected by Yoninah (talk20:53, 11 July 2020 (UTC)[reply]
After 15 weeks at WP:DYKN, the article still has close paraphrasing in addition to a merge tag. Closing as unsuccessful.

  • ... that due to the coronavirus recession, almost 80 countries have asked the IMF for help before May 2020? [1] Source: "You are strongly encouraged to quote the source text supporting each hook" (and [link] the source, or cite it briefly without using citation templates)
    • ALT1:... that ...? Source: "You are strongly encouraged to quote the source text supporting each hook" (and [link] the source, or cite it briefly without using citation templates)

Created by Sa.vakilian (talk). Self-nominated at 11:13, 29 March 2020 (UTC).[reply]

  • Date and length fine. However there are several problems with the article. It has several citation needed tags and tags on the header. There is also the big problem of the merger proposal which means @Sa.vakilian: it cannot proceed until all tags have been removed. Once the merge debate is ended and the citing is fixed (the citations are a bit messy too I'll add), then ping me and I'll have another look. The C of E God Save the Queen! (talk) 15:32, 29 March 2020 (UTC)[reply]
@The C of E: All of the tags exept one of them has been removed. Can you please check it again. Of course, we can find a better DYK.--Seyyed(t-c) 03:54, 24 April 2020 (UTC)[reply]
@Sa.vakilian: All tags need to be removed before this can proceed. I've also noticed after a recheck that the Coronavirus pandemic subsection under the Causes section is a complete copy and paste from 2019-20 Coronavirus pandemic's opening paragraph. That is not allowed under rule 1.b of DYK rules and will need to be reworded or deleted and also casts suspicion on the rest of the article. The C of E God Save the Queen! (talk) 05:29, 24 April 2020 (UTC)[reply]
I have not checked all of it but I think most of it is not copy from the other articles.Seyyed(t-c) 15:10, 24 April 2020 (UTC)[reply]
You wrote it, how do you not know if you copied anything? It cannot include any copied work from other articles. The C of E God Save the Queen! (talk) 16:02, 25 April 2020 (UTC)[reply]
@The C of E: I have written some part of it and I ask other participants to answer you here. Seyyed(t-c) 04:18, 1 May 2020 (UTC)[reply]

@Keepcalmandchill:@Capewearer: Hi, as major contributors in coronavirus recession, please participate in this discussion and help us to have DYK on the main page.Seyyed(t-c) 04:23, 1 May 2020 (UTC)[reply]

@user:Keepcalmandchill and @user:Capewearer Hi, as major contributors in coronavirus recession, please participate in this discussion and help us to have DYK on the main page.Seyyed(t-c) 08:07, 8 May 2020 (UTC)[reply]

I'm aware of the nomination. Please don't keep pinging me about it. Capewearer (talk) 08:14, 8 May 2020 (UTC)[reply]
  • While the merge proposal is ongoing, the nomination is temporarily on hold. If the article survives intact, then a new review will be needed: the nominator's only significant edit to the article was in creating a 2715 prose character article, which has since grown to 38951 prose characters. There doesn't seem to have been overlap between the articles in the initially created article—the Causes section was a later addition, so any direct copying within Wikipedia was after and beyond the minimum 1500 prose character creation. If there were copied sections, they ought to have been mentioned on the article talk page (I didn't see any mentions in the edit summaries), but running Duplication Detector, there aren't very many exact strings of words left between the two articles after two months of editing. BlueMoonset (talk) 01:50, 26 May 2020 (UTC)[reply]
General: Article is new enough and long enough
Policy: Article is sourced, neutral, and free of copyright problems

Hook eligibility:

  • Cited: No - I can't find the hook in the article, but it is sourced to a reliable source.
  • Interesting: Yes
  • Other problems: Yes
QPQ: None required.

Overall: Launchballer 17:40, 2 July 2020 (UTC)[reply]

  • IMO the hook is outdated. It would be better to use one or more examples from different countries to make an interesting hook. But this must be taken care of soon. This nomination has been sitting here for over 3 months and is no longer "new content".
  • There is still close paraphrasing from the sources:
  • Source: Property investment sales in Singapore fell 37 per cent to $3.02 billion in the first quarter of this year from the previous three months as the coronavirus outbreak took its toll on investor sentiment, a report from Cushman & Wakefield on Monday (April 13) showed.
  • Article: Property investment sales in Singapore fell 37 per cent to $3.02 billion in the first quarter of this year from the previous three months as the pandemic took its toll on investor sentiment, a report from Cushman & Wakefield on 13 April showed.
  • Source: The preliminary estimate of 1Q20 Italian GDP shows a 4.7% quarter on quarter fall (-4.8% YoY), a much steeper decline than in any quarter seen either during the financial crisis or the sovereign debt crisis.
  • Article: The preliminary estimate of 1Q20 Italian GDP shows a 4.7% quarter on quarter fall (-4.8% YoY), a much steeper decline than in any quarter seen either during the financial crisis or the sovereign debt crisis.
  • Source: Manufacturing sales in March fell to the lowest level since mid-2016 as sales of auto manufacturers and parts suppliers were both down over 30%.
  • Article: Canadian manufacturing sales in March fell to the lowest level since mid-2016, as sales by auto manufacturers and parts suppliers plunged more than 30%.
  • Source: Ali says annual inflation remained in negative territory in May (-1.7%) and is forecast to edge up to 1.0 percent by year-end.
  • Article: Annual inflation remained in negative territory in May (-1.7%) and is forecast to edge up to 1.0 percent by year-end.
  • Source: Dow futures tumbled more than 1,000 points and Standard & Poor's 500 futures dropped 5%, triggering an automatic shock absorber.
  • Article: Dow futures tumbled more than 1,000 points and Standard & Poor's 500 futures dropped 5%, triggering a circuit breaker.
  • There are also several "citation needed" tags that must be addressed. Yoninah (talk) 19:53, 5 July 2020 (UTC)[reply]
As it happens, this article has been nominated to be moved, so the nomination can't currently proceed anyway. @Keepcalmandchill:@Capewearer:@Sa.vakilian: - could you chime in?--Launchballer 07:24, 6 July 2020 (UTC)[reply]
Considering the large number of issues still outstanding, and that as noted above there is no longer any new content, I feel it is time to close and reject the nomination. Flibirigit (talk) 02:12, 9 July 2020 (UTC)[reply]

The map needs a legend!

Wiki Education assignment: Research Process and Methodology - RPM SP 2022 - MASY1-GC 1260 201 Thu

[edit]

This article was the subject of a Wiki Education Foundation-supported course assignment, between 27 February 2022 and 5 May 2022. Further details are available on the course page. Student editor(s): Bettyhwt, Rr3961 (article contribs).

This recession is still ongoing.

[edit]

I don’t know who anyone thinks they’re fooling by claiming that this recession ended, and it’s a joke to claim that it ended all the way back in April 2020 only two months after it started. The economy has yet to fully recover from the economic devastation inflicted by the pandemic, and the ongoing inflation surge, the worst seen in decades, is the greatest proof of that. This article should be amended. PencilSticks0823 (talk) 05:54, 2 April 2024 (UTC)[reply]

the recession and inflation surge are well behind us and the economy has been roaring for quite some time, maybe the best economy in 25 years. that said, there are always some who suffer permanent damage in every recession and never fully recover soibangla (talk) 06:07, 2 April 2024 (UTC)[reply]

So what's the plan for the end date on this?

[edit]

Actual hard stocks mostly recovered within a few months.

The overall economy took a few years in 1st world countries, 3rd world countries hit hard still have not recovered.

Many of the lower and lower middle class suffered wage and job losses that haven't recovered yet.

And with the Russo-Ukrainian War starting up just as Covid was winding down(though a year before it was declared over), a ton of places previously partway through recovery like Russia or the Central Asian nations took another huge hit. And stuff since like the Israel Gaza war has made it worse.

Many, many factors are contributing, and the problems add up faster than things can recover. Just looking at one factor like the stock market doesn't tell the whole story.

You could make an argument this whole thing has caused a 'Depression Lite', an economic crisis worse than the Great Recession, but not nearly as bad as the 'Great Depression' (I guess it would be a Little Depression, The Little Depression?). The actual Great Depression didn't just have one root cause either. The initial 1929 shocks were mostly dealt with by 1930 and 1931, but the Dust Bowl triggered massive poverty that effected many who had been spared the initial blow. The migration this caused lead to economic buckling elsewhere. The rise of Nazi Germany and Fascist Italy and the war in Ethiopia strained trade in Europe. The Third Plague Pandemic was still active in Eurasia and had a notable flareup. And in 1937 another market crash occured undoing the period of recovery in the mid 30s.

Wealthier regions only recovered in 1939 as the build up to WW2 caused industrial booms. Poorer regions and nations didn't recover until the 1950s. A few of the absolute hardest hit areas(The Oklahoma Panhandle, which had it's struggling oil industry gutted by cutbacks in 1929 and 1930 after the crash, was then at Ground Zero for the Dust Bowl. It's population is still lower now than it was in 1910, and economically neither the farmers or oil ever really came back) never recovered.

Are we talking about the temporary stock shock and general retail instability that occured in the first half of 2020? Or is this about the general economic downturn initiated by COVID and made worse by several other major factors like the Russo-Ukraine war, conflict in the middle east, climate change, and general market downturn? Is this about the Market Crash, or the Depression that it lit? TheBrodsterBoy (talk) 04:13, 15 May 2024 (UTC)[reply]

I'm still asking this question because it massively impacts what we set as the end date. If we're using Great Depression criteria we still aren't really out of the woods yet even if we recovered from the actual COVID related woes in 2022(same way the issues caused by the 1929 crash were mostly resolved by 1931, but then the Dust Bowl happened and Plague in Eurasia happened and Fascism in Europe happened and the worst civil strife in decades hit the US). If the war in Ukraine and war in Gaza both end and the US elects a stable government I'd see that pulling things back up, but we aren't there quite yet.
So it's either April 2020 or 'Upcoming, but seemingly very soon as the remaining problems are on the upswing' 2604:3D09:1F80:CA00:E575:9A81:AA5A:A6A1 (talk) 18:13, 22 July 2024 (UTC)[reply]
This is my question as well. I’m especially puzzled by the fact that this article refers to the recession in past tense, yet provides no end date. I’m still not convinced the recession has ended, but if that is the general consensus, there needs to be an end date written here; a month and year at least, if not specified to an exact day. PencilSticks0823 (talk) 18:28, 23 August 2024 (UTC)[reply]