In August 2021, Iran’s inflation rate reached 45.2 percent, the highest in 26 years. At a time when Tehran is expanding its nuclear program, the inflation rate reveals that, despite the fact that Washington’s maximum pressure campaign is gaining traction, it is still moving forward due to its own inertia. According to the Iranian Statistical […]
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Core inflation refers to the change in the cost of goods and services that excludes the food and energy sectors. These items are not included in our estimate of inflation since their prices are significantly more unpredictable. The consumer price index (CPI), which is a measure of prices for goods and services, is most commonly
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Consumers’ pessimism, the debt accumulations of the 1980s, the surge in oil prices when Iraq invaded Kuwait, a credit crisis produced by overzealous banking regulators, and Federal Reserve attempts to control the pace of inflation have all been blamed for the recession. In 1991, was there a recession? The early 1990s recession lasted from July
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The Great Inflation was the defining macroeconomic event of the twentieth century’s second half. After the roughly two decades it lasted, the worldwide monetary system built during World War II was abandoned, four economic recessions occurred, two catastrophic energy shortages occurred, and wage and price restrictions were implemented for the first time in peacetime. It
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What are the world’s largest economies? According to the International Monetary Fund, the following countries have the greatest nominal GDP in the world: What is India’s GDP forecast for 2021? In its second advance estimates of national accounts released on Monday, the National Statistical Office (NSO) forecasted the country’s growth for 2021-22 at 8.9%, slightly
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Traditional fiscal stimulus analysis focuses on the short-run effects of fiscal policy on GDP and employment creation in the near term. Economists, on the other hand, have long recognized that short-term economic situations can have long-term consequences. Job loss and declining finances, for example, can cause families to postpone or forego their children’s college education.
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In all but two of the 13 companies, we discovered that nominal salary (without accounting for inflation) increased, sometimes dramatically. However, inflation has wiped out the majority of the average increases. Inflation has grown by more than 7% through October 2021, and nearly 8% through November 2021, since January 2020. Through October, the average wage
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Senior economist Nagraj explained the impact of reduced GDP on the common man, saying that lower GDP indicates a corresponding drop in per capita income. Furthermore, given the high level of economic inequality, it is extremely likely that the poor will be hit harder by the slowing GDP growth rate than the wealthy. What impact
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According to Trading Economics global macro models and analysts, GDP of Canada is predicted to reach 1670.00 USD billion by the end of 2021. According to our econometric models, the GDP of Canada is expected to trend at 1740.00 USD billion in 2022. What accounts for Canada’s high GDP? Real estate, mining, and manufacturing are
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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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