The bankruptcy of Lehman Brothers sparked the 2008 financial crisis and subsequent recession. Because the millennial age was just starting out in the workforce, they were the hardest hit. What triggered the Great Recession of 2008? The Great Recession, which ran from December 2007 to June 2009, was one of the worst economic downturns in […]
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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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Inflation isn’t going away anytime soon. In fact, prices are rising faster than they have been since the early 1980s. According to the most current Consumer Price Index (CPI) report, prices increased 7.9% in February compared to the previous year. Since January 1982, this is the largest annualized increase in CPI inflation. Even when volatile
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You have a sizable emergency fund. Always try to save enough money to cover three to six months’ worth of living expenditures, with the latter end of that range being preferable. If you happen to be there and have any spare cash, feel free to invest it. If not, make sure to set aside money
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Inflation isn’t going away anytime soon. In fact, prices are rising faster than they have been since the early 1980s. According to the most current Consumer Price Index (CPI) report, prices increased 7.9% in February compared to the previous year. Since January 1982, this is the largest annualized increase in CPI inflation. Even when volatile
Why Is Inflation Bad Right Now? Read More »
Many cryptocurrency supporters consider it to be a digital equivalent of the US dollar, which it is in some ways. Although not every coffee shop accepts Bitcoin or Ethereum, crypto is becoming more popular as a means of payment. Several well-known merchants (and well-known e-tailers) now take bitcoin, and the number of firms taking digital
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Nigeria’s GDP is expected to reach 152,32 trillion Naira ($400 billion) in 2020. Nigeria’s gross domestic output hit 43,56 trillion Naira between October and December 2020. The GDP reached over 45 trillion Naira in the third quarter of 2021. Nigeria has Africa’s highest GDP. What is Nigeria’s current GDP forecast for 2021? According to Trading
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The US economy will have a recession, but not until 2022. More business cycles will result as a result of Federal Reserve policy, which many enterprises are unprepared for. The decline isn’t expected until 2022, but it might happen as soon as 2023. If the Fed manages to prevent a recession in 2023, expect a
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When a company borrows money, the money it receives now will be repaid later with money it earns. Inflation, by definition, causes the value of a currency to depreciate over time. In other words, cash today is more valuable than cash afterwards. As a result of inflation, debtors can repay lenders with money that is
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According to Trading Economics global macro models and analysts, Saudi Arabia’s GDP is predicted to reach 790.00 USD billion by the end of 2021. What is Dubai’s Gross Domestic Product (GDP)? Dubai’s economy has a gross domestic output of US$102.67 billion as of 2018. The construction boom was curtailed by the Great Recession. It’s been
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