The triple dip global recession from the coronavirus pandemic continued deepening in July 2021.
Evidence supporting that conclusion is visible in the falling rate at which carbon dioxide is being added to the Earth's atmosphere. The trailing year average of that rate continued to fall in July 2021, as shown in the latest update to the chart tracking its history since January 1960.
Since December 2019, a net reduction of 0.49 parts per million of atmospheric carbon dioxide has been recorded in the trailing twelve month average of the year over year rate of change in atmospheric carbon dioxide levels measured at the remote Mauna Loa Observatory. We can convert that change into an estimate of the lost GDP for the global economy using the following tool. If you're accessing this article on a site that republishes our RSS news feed, please click through to our site to access a working version of the tool.
Using these default values, we estimate the net loss to global GDP since the SARS-CoV-2 coronavirus emerged in China and began impacting the world economy is closing in on $16.3 trillion.
References
National Oceanographic and Atmospheric Administration. Earth System Research Laboratory. Mauna Loa Observatory CO2 Data. [Text File]. Updated 5 August 2021. Accessed 5 August 2021.
Previously on Political Calculations
Here is our series quantifying the negative impact of the coronavirus pandemic on the Earth's economy, presented in reverse chronological order.
- World GDP Still Shrinking from Coronavirus Pandemic
- Estimated Net Global GDP Lost to Coronavirus Pandemic Exceeds $15.6 Trillion
- Coronavirus Pandemic Sends Global Economy Into Triple Dip Recession
- Double Dip Global Coronavirus Recession Sees Second Bottom
- Net Global GDP Lost to Coronavirus Pandemic Tops $13.6 Trillion
- Global Double Dip Coronavirus Recession Deepens
- Global Economy Enters Double Dip Coronavirus Recession
- Global Economy Teeters on Double Dip Recession
- World GDP Lost Due to Coronavirus Reaches $12 Trillion
- Cumulative World GDP Loss From Coronavirus Pandemic Tops $11 Trillion
- Estimates of World GDP Lost to the Global Coronavirus Recession
- Finding Human Fingerprints in Atmospheric CO2
- The Coronavirus and Atmospheric CO2 in April 2020
- The Coronavirus, Atmospheric CO2, and GDP
Labels: coronavirus, environment, gdp, tool
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
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