Inflation Rate vs. Unemployment Rate for G20 countries

 The scatter plot above illustrates the relationship between inflation rates and unemployment rates for the G20 countries. Here are some key observations:

1. High Inflation and Moderate Unemployment:

   • Argentina: Extremely high inflation (289%) with moderate unemployment (5.7%).
   • Turkey: Very high inflation (69.8%) with high unemployment (8.6%).

2. Moderate Inflation and Moderate to High Unemployment:

   • South Africa: Moderate inflation (5.2%) but very high unemployment (32.9%).
   • Brazil: Moderate inflation (3.69%) with high unemployment (7.9%).
   • India: Moderate inflation (4.83%) with high unemployment (7.64%).

3. Low to Moderate Inflation and Low to Moderate Unemployment:

   • Australia: Moderate inflation (3.6%) with low unemployment (4.1%).
   • Canada: Moderate inflation (2.7%) with low unemployment (6.1%).
   • United States: Moderate inflation (3.4%) with low unemployment (3.9%).
   • Germany: Low inflation (2.2%) with low unemployment (5.9%).

4. Low Inflation and Low Unemployment:

   • Japan: Low inflation (2.5%) with low unemployment (2.6%).
   • Switzerland: Low inflation (1.4%) with low unemployment (2.3%).

5. Outliers:

   • South Africa: Stands out with very high unemployment compared to other countries.
   • Argentina: Notable for its extremely high inflation rate.

This plot helps visualize how different G20 countries are managing their inflation and unemployment, providing insights into their economic stability and challenge