The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.Learn More
Unemployment is a ‘lagging indicator’ meaning that it can take some time for the impact of an economic downturn to trigger a rise in unemployment rates. Long term unemployment can dent consumer confidence and consumer spending. Spain and Greece had the world’s biggest percentage point increase in unemployment rates from 2007-2012, rising by 16.8 and 16.1 percentage points respectively. Many emerging markets in Asia and Latin America were more resilient and saw little to no increase.