For many Canadians, high inflation can be a source of financial hardship. One strategy to combat inflation is to increase your income to match prices, but this is tougher said than done for a variety of reasons. If producing extra money isn’t an option right now, here are some other options for dealing with rising […]
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The Great Recession lasted from December 2007 to June 2009, making it the longest downturn since World War II. The Great Recession was particularly painful in various ways, despite its short duration. From its peak in 2007Q4 to its bottom in 2009Q2, real gross domestic product (GDP) plummeted 4.3 percent, the greatest drop in the
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Gross domestic product (GDP) equals private consumption + gross private investment + government investment + government spending + (exports Minus imports). GDP is usually computed using international standards by the country’s official statistical agency. GDP is calculated in the United States by the Bureau of Economic Analysis, which is part of the Commerce Department. The
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The global GDP is $80,934,771,028,340 dollars (nominal, 2017). (abbrev.) What accounts for Ireland’s high GDP? The fundamental reason for Ireland’s high GDP growth rates is that, in recent years, a number of large multinational firms have transferred their economic activities, and more especially their underlying intellectual property, to Ireland, largely due to low corporate tax
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Inflation typically raises prices across the board, including mortgage rates, housing prices, and rental expenses. So, if you’re thinking about purchasing a house but are concerned about rising inflation, here are three ways buying now can help you later. Secure a low-interest, fixed-rate mortgage. The average rate on a 30-year fixed mortgage is currently hovering
Should I Buy A House Before Inflation? Read More »
Investing in a diverse stock portfolio is a great method to beat inflation. The S&P 500, a key benchmark for U.S. stocks, had an average return of roughly 9.5 percent from September 2001 to September 2021. (with dividends reinvested). After adjusting for inflation, you’re still looking at an average yearly return of around 7%. Even
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In reality, “GDP counts everything but that which makes life meaningful,” as Senator Robert F. Kennedy memorably stated. Health, education, equality of opportunity, the state of the environment, and many other measures of quality of life are not included in the number. It does not even assess critical features of the economy, such as its
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President Donald Trump said this week that his government is looking at lowering capital gains taxes. It’s unclear if the administration will support legislative initiatives to reduce the capital gains tax, or whether it will continue to consider indexing the basis of capital gains for inflation. The purpose, according to Treasury Secretary Steve Mnuchin, is
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In 2021, total health expenditures in Canada are estimated to exceed $308 billion, or $8,019 per person. Health spending is expected to account for 12.7 percent of Canada’s gross domestic product (GDP). See our report National Health Expenditure Trends for additional information. The National Health Expenditure Database (NHEX) is Canada’s major source of health spending
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According to the OECD’s current Interim Economic Assessment, the global economy is weakening, with key European countries experiencing a recession that is now affecting the rest of the world. The G7 economies are forecast to grow at an annualised rate of only 0.3 percent in the third quarter of 2012, and 1.1 percent in the
Which Eurozone Countries Are In Recession? Read More »
