Businesses that prosper during a downturn Groceries. Grocery retailers, unsurprisingly, do the best business in a depressed economy. Which industry is immune to the downturn? A recession-proof business can be extremely profitable for people in both good and bad times. Whatever the state of the economy or the stock market, certain company concepts, such as […]
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Seychelles: With a GDP per capita of $9,670, this island nation now boasts the highest in Africa. Mauritius: Another island African country, Mauritius, takes the number two spot. The GDP per capita in this country is $9,640. Gabon: With a GDP per capita of $8,600, this oil-rich country is ranked third. South Africa is one
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During a recession, unemployment tends to grow quickly and stay high for a long time. As a result of higher costs, stagnant or declining revenue, and greater pressure to cover debts, businesses tend to lay off workers in order to save money. During a recession, the number of jobless workers rises throughout many industries at
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Statistical agencies begin by compiling prices for a vast number of different commodities and services. They produce a “basket” of products and services for homes that reflects the items consumed by households. The basket does not include every object or service available, but it is intended to provide a good depiction of the types and
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A recession is characterized as a prolonged period of low or negative real GDP (output) growth, which is accompanied by a considerable increase in the unemployment rate. During a recession, many other economic indicators are equally weak. What happens when there is a recession? A recession is a period of economic contraction during which businesses
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Negative interest rates should, in principle, assist to encourage economic activity and keep inflation at bay, but policymakers are wary because there are a number of ways such a policy could backfire. Negative interest rates could pressure profit margins to the point that banks are ready to lend less because some assets, such as mortgages,
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Credential inflation is the depreciation of educational or academic credentials over time, resulting in a reduction in the projected advantage a degree holder has in the job market. Credential inflation, like price inflation, refers to the diminishing worth of earned certifications and degrees. Increased educational requirements and testing, as well as credential inflation, can lead
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Unfortunately, a worldwide economic recession in 2021 appears to be a foregone conclusion. The coronavirus has already wreaked havoc on businesses and economies around the world, and experts predict that the devastation will only get worse. Fortunately, there are methods to prepare for a downturn in the economy: live within your means. Is the UK
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A recession is a period of falling economic performance that lasts several months and affects the entire economy. Businesses, investors, and government officials monitor a variety of economic indicators that can help anticipate or confirm the onset of recessions, but the National Bureau of Economic Research (NBER) is the one who officially declares them. To
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Inflation is the gradual loss of a currency’s buying value over time. The increase in the average price level of a basket of selected goods and services in an economy over time can be used to calculate a quantitative estimate of the rate at which buying power declines. A rise in the general level of
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