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A 2008 Equity Market Exception: Tunisia and Inflation

Article Quant Q&A · Author: Trajan
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Summary

The document asks which national equity markets rose during the global market decline of 2008, including frontier markets. Its answer identifies Tunisia as a possible example: the Tunisian stock market appears to have risen over the period. It adds that inflation of about five percent should be taken into account when interpreting that nominal gain.

This is a brief observation, not a comparative market study. It provides no index name, price series, start and end dates, data source, or calculation, so the claim cannot be independently assessed from the excerpt alone. The inflation adjustment is raised as a caveat but not calculated, and the answer does not establish whether the market rose in real terms. The example may help guide further research into international equity performance during crises, but it does not answer the broader question of which other developed or frontier markets gained.

Key ideas

  • Tunisia is offered as a possible example of an equity market that rose during 2008.
  • The stated gain should be considered alongside inflation of about five percent.
  • The excerpt gives no index, source data, dates, or method to verify the observation.
  • It does not establish whether Tunisian equities rose in real terms or identify other markets.

Tags

EquitiesMulti-asset
Full text
# World Stock Markets that went up in 2008


# World Stock Markets that went up in 2008












We all know that the US stock market(s) collapsed in price in 2008, see https://en.wikipedia.org/wiki/United_States_bear_market_of_2007%E2%80%9309.

I was wondering what countries' stock markets went up throughout this period.

Include things like frontier markets and not just developed countries.

I cannot find a data source online.

## Answer by Freelunch (score 2, accepted)

https://quant.stackexchange.com/a/38073

The stock market in Tunisia seems to have gone up during 2008, however one would have to take into account about 5% of inflation.

Shown in full with attribution under the source's licence. Licence: CC BY-SA 4.0 (Stack Exchange)

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.