Financial Crisis and Health

The gradual improvement in health across Europe was not perturbed by the financial crisis of 2008, and the effect on suicide is unclear, but there may be a slight increase.[1] The studies were generally of indifferent quality, however. People in the Second World War were generally healthy unless they got shot. In countries that are already rich a temporary drop in GDP is bearable. People who lose their jobs are obviously at risk of deterioration in mental health, but employment rates held up in many countries, even those like the UK and Ireland that had a big recession compared to others.

— Richard Lilford, CLAHRC WM Director

Reference:

  1. Parmar D, Stavropoulou C, Ioannidis JPA. Health outcomes during the 2008 financial crisis in Europe: systematic literature review. BMJ. 2016; 354: i4588.
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