Many factors, including high population growth, robust export growth, and balanced growth across industries, have fueled Australia’s sustained run of prosperity since the last recession in 1991. Is Australia set to enter a recession in 2020? The pandemic and “radical” government response, according to Commonwealth Bank analyst Gareth Aird, will make 2020 “the most unique […]
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The 1981-82 recession was the greatest economic slump in the United States since the Great Depression, prior to the 2007-09 recession. Indeed, the over 11% unemployment rate attained in late 1982 remains the postwar era’s pinnacle (Federal Reserve Bank of St. Louis). During the 1981-82 recession, unemployment was widespread, but manufacturing, construction, and the auto
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President of the Federal Reserve Bank of St. Louis, James Bullard, warned that if no action is taken on interest rates, inflation could worsen. During a panel discussion at Columbia University, he observed, “We’re at more risk now than we’ve been in a generation that this may get out of control.” Is it possible for
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A recession is a period of economic contraction during which businesses experience lower demand and lose money. Companies begin laying off people in order to decrease costs and halt losses, resulting in rising unemployment rates. Re-employing individuals in new positions is a time-consuming and flexible process that faces certain specific problems due to the nature
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Ontario’s GDP was 710.05 billion dollars in chained 2012 Canadian dollars in 2020. Which Canadian province is the wealthiest? Alberta is a Canadian province in the western part of the country. It is the largest of the three Prairie Provinces in terms of population. Edmonton is the province’s capital, although Calgary is its largest city.
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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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In a downturn, there are eight different types of funds to consider. How can you get your portfolio ready for a downturn? Household products and other essentials are also considered low-risk investments during a downturn. Although it would be foolish to move your entire portfolio in this manner, adding a utilities or consumer staples index
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The value of all goods and services generated by an economy in a given year (expressed in base-year prices) is reflected in real gross domestic product (real GDP), which is also known as constant-price GDP, inflation-corrected GDP, or constant dollar GDP. Key Points The GDP deflator is a price inflation indicator. It’s computed by multiplying
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Carrying a debt load is just that: a load. Moreover, during a recession, when jobs are few and money is scarce, those large loan payments will just add to an already stressful position. So it’s time to assess your financial condition and all of your payment responsibilities, as well as devise a debt-reduction strategy. It
What Do You Need To Survive A Recession? Read More »
Governments and central banks would have to undertake a tight monetary and fiscal policy to combat demand pull inflation. Increasing the interest rate, reducing government spending, or boosting taxes are all examples. Consumers would spend less on durable goods and homes if the interest rate were to rise. It would also raise corporations’ and businesses’
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