In 2020, total debt in the United States was 895.4 percent of GDP, up from 870.7 percent the previous quarter. Data on US total debt as a percentage of GDP is updated quarterly and is available from December 1951 through December 2020. The figures ranged from a peak of 895.4 percent in December 2020 to […]
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A lack of company and consumer confidence causes economic recessions. Demand falls when confidence falls. A recession occurs when continuous economic expansion reaches its peak, reverses, and becomes continuous economic contraction. What are the five reasons for a recession? In general, an economy’s expansion and growth cannot persist indefinitely. A complex, interwoven set of circumstances […]
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Inflation, or the gradual increase in the price of goods and services over time, has a variety of positive and negative consequences. Inflation reduces purchasing power, or the amount of something that can be bought with money. Because inflation reduces the purchasing power of currency, customers are encouraged to spend and store up on products […]
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According to our econometric models, North Korea’s GDP will trend around 19.00 USD billion in 2022 and 20.35 USD billion in 2023 in the long run. South Korea versus North Korea, who is wealthier? According to these estimations, South Korea’s standard of life is 20 times higher than North Korea’s, and its overall GDP is […]
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Multiplying by 100 produces a beautiful round value, which is useful for reporting. To calculate real GDP, however, the nominal GDP is divided by the price index multiplied by 100. The price index is set at 100 for the base year to make comparisons easier. Prices were often lower prior to the base year, so […]
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Inflation is the rate at which the price of goods and services in a given economy rises. Inflation occurs when prices rise as manufacturing expenses, such as raw materials and wages, rise. Inflation can result from an increase in demand for products and services, as people are ready to pay more for them. Some businesses […]
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On April 12, 2022, at 8:30 a.m. Eastern Time, the March 2022 CPI statistics will be announced. What is the current inflation rate for 2021? The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. This suggests that the dollar’s purchasing power has deteriorated in recent years. […]
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The slope of the Treasury yield curve has been shown in numerous studies to be a reliable predictor of recessions. 2 The empirical data in figure 1 displays the term-structure slope, which is assessed by the spread between the yields on ten-year and two-year US Treasury securities, as well as coloring that signifies US recessions […]
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A futures market is an auction market where people purchase and sell commodity and futures contracts for delivery at a later date. Futures are exchange-traded derivatives contracts that guarantee the delivery of a commodity or security in the future at a certain price. What is the futures market and how does it function? A futures […]
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The Great Recession, which ran from December 2007 to June 2009, was one of the worst economic downturns in US history. The economic crisis was precipitated by the collapse of the housing market, which was fueled by low interest rates, cheap lending, poor regulation, and hazardous subprime mortgages. New financial laws and an aggressive Federal […]
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