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What are the current trends in expatriate allowances? What are the reasons for these changes?
Great Depression
A severe worldwide economic downturn that began in 1929 and lasted until the late 1930s, marked by massive unemployment and a significant decline in economic activity.
Low Point
This refers to the lowest phase or level, often used in the context of economic cycles to describe the bottom of a recession.
1940s
A decade spanning from 1940 to 1949 characterized by significant events including World War II and the beginning of the Cold War, impacting global politics and economies.
Economic Growth
The increase in the production of goods and services in an economy over a period of time, typically measured as the percent change in GDP.
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