These two events have hurt the economy: 911 event and Covid
- The 9/11 terrorist attacks on America caused significant economic damage in the immediate aftermath, rippling through global financial markets.
- Airlines and insurance companies took the hardest immediate hit, and U.S. stock markets initially fell more than 10% in the days after.
- Despite its lasting impact on the American psyche, the economic and financial impact of 9/11 was fairly muted, with markets bouncing back months after to new highs.
- This was helped, in part, by a resilient American economy along with support and stimulus from the federal government.
While it is difficult to tell exactly what the economic damage from the global COVID-19 coronavirus pandemic has been, it has had severe negative impacts on the global economy. During 2020, the world's collective gross domestic product (GDP) fell by 3.4 percent. To put this number in perspective, global GDP reached 84.54 trillion U.S. dollars in 2020 – meaning that a 3.4 percent drop in economic growth results in over two trillion U.S. dollars of lost economic output. However, the global economy quickly recovered from the initial shock, reaching positive growth levels again in 2021. That year, it reached 92.3 trillion U.S. dollars and it is expected to continue to grow in the coming years, although Russia's war in Ukraine since February 2022 and its impact on the world's economy may hamper economic growth.
Has the fulfillment of Babylon the Great prophecy taken place, or are we to expect a greater world economic collapse? I am looking for answers to the meaning of Babylon the Great. Any thoughts on the matter aside from Empire of False Religion? I believe that Babylon the Great has fallen, but the finality of its doom will be when Christ arrives in The Kingdom of God in all of his glory.
Estephan
Then a mighty angel took up a stone like a great millstone and threw it into the sea, saying, “Thus with violence the great city Babylon shall be thrown down, and shall not be found anymore. The sound of harpists, musicians, flutists, and trumpeters shall not be heard in you anymore. No craftsman of any craft shall be found in you anymore, and the sound of a millstone shall not be heard in you anymore. The light of a lamp shall not shine in you anymore, and the voice of bridegroom and bride shall not be heard in you anymore. For your merchants were the great men of the earth, for by your sorcery all the nations were deceived. And in her was found the blood of prophets and saints, and of all who were slain on the earth.”