Low interest rates encourage people to spend more money, which tends to raise prices. In Turkey, as a result of Mr. Erdogan’s policies, the inflation rate has surpassed 20%, producing suffering among the poor and impoverishing the middle class. Why is Turkey’s inflation so high? Under President Tayyip Erdogan’s urging, Turkey’s central bank lowered interest […]
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A recession is defined as two consecutive quarters of negative economic growth, however there are investment strategies that can help safeguard and benefit during downturns. Investors prefer to liquidate riskier holdings and migrate into safer securities, such as government debt, during recessions. Because high-quality companies with long histories tend to weather recessions better, equity investment
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According to Trading Economics global macro models and analysts, South Africa’s GDP is predicted to reach 320.00 USD billion by the end of 2021. According to our econometric models, the GDP of South Africa is expected to trend around 345.00 USD billion in 2022. What accounts for South Africa’s low GDP? South Africa’s political transformation
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A recession is defined as a slowdown or a significant contraction in economic activity. A recession is usually preceded by a major drop in consumer expenditure. This type of downturn in economic activity can endure for several quarters, thereby halting an economy’s expansion. Economic metrics such as GDP, business earnings, employment, and so on collapse
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This inflationary spike isn’t limited to wealthy nations. A similar wave has impacted emerging markets and developing economies, with 78 out of 109 EMDEs seeing annual inflation rates exceeding 5%. This proportion of EMDEs (71%) is about double what it was at the end of 2020. As a result, inflation has become a global issue
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GDP is significant because it provides information on the size and performance of an economy. The pace of increase in real GDP is frequently used as a gauge of the economy’s overall health. An increase in real GDP is viewed as a sign that the economy is performing well in general. Why is GDP not
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Today, the National Statistical Office (NSO) will announce GDP data for the current fiscal year’s July-September quarter. The Reserve Bank of India’s Monetary Policy Committee forecasted 7.9% GDP growth for this period during its October meeting. According to a Bloomberg projection by 14 economists, the number will be 8.1 percent. Aside from the headline figure,
Who Releases GDP Data In India? Read More »
Correction: The original item on January 21, 2020 stated that the hourly wage was $24. On March 16, 2022, a spreadsheet error was discovered and repaired. The data in this page have been revised throughout. For a complete explanation, see Dean Baker’s post. Until 1968, the minimum wage not only kept pace with inflation, but
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During inflationary periods, practically everything increases in price, including housing costs and rent, as well as mortgage interest rates. With real estate, there are three basic strategies for investors to protect themselves from inflation and rising costs. Take advantage of low interest rates: According to Freddie Mac, 30-year fixed rate mortgage interest rates are now
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Some countries have had such high inflation rates that their currency has lost its value. Imagine going to the store with boxes full of cash and being unable to purchase anything because prices have skyrocketed! The economy tends to break down with such high inflation rates. The Federal Reserve was formed, like other central banks,
How Could The Actions Of The Federal Reserve Cause Inflation? Read More »
