"That said, the world is currently closer to a return to the 30s than it has ever been. The echoes are loud and getting louder.
Let’s start with the obvious. As it did in the period between the two world wars, something has gone seriously wrong with the global economy."(The Guardian.) What does "did" mean in the passage above?-----------------------------------------------------------I see "did" as a substitute for "started" in the clause As it did, but I'm not sure about it." That is: Just like the global economy went seriously wrong in the period between the two world wars, something has gone seriously wrong with the global economy of today.
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Here is the sentence expanded for clarity: "As [As = just like] it [it = the global economy] did [did = went seriously wrong] in the period between the two world wars, something has gone seriously wrong with the global economy." That is: Just like the global economy went seriously wrong in the period between the two world wars, something has gone seriously wrong with the global economy of t