Beyond the disease’s spread and efforts to contain it, the COVID-19 pandemic has had far-reaching implications. Concerns have changed from supply-side industrial challenges to diminished activity in the services sector as the pandemic has expanded over the world. The epidemic is often seen as a key contributor to the recession. The epidemic has had a […]
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Because of rising inflation, Social Security recipients are receiving the biggest cost-of-living increase in decades. The rise of 5.9% went into effect in January. Since the adjustment was announced in October, prices have continued to rise. When are Social Security benefits adjusted for inflation? After receiving your income information from tax records, the Social Security
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Interest rates serve as a vital link in the economy between savers and investors, as well as between finance and real-world activities. Liquid credit markets operate similarly to other forms of markets, following the rules of supply and demand. When an economy enters a recession, demand for liquidity rises while credit supply falls, leading to
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Stock prices generally decrease before and during a recession, making it an excellent time to invest. Buying as stock prices fall pays well in the long run if you continue to dollar-cost average into your 401(k), IRA, or other investing accounts. Is it wise to invest in equities during a downturn? In a downturn, the
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Nigeria was particularly hard hit by the oil price shock since it lacked any other large source of money to compensate for the drop in oil exports. The problem was exacerbated by sabotage of oil export facilities in the Niger Delta, which lowered government revenue and export earnings even further. Lack of fiscal buffers to
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Recessions and depressions share comparable indicators and causes, but the severity, duration, and overall impact are the most significant distinctions. A depression lasts years, not months, and is marked by increased unemployment and a deeper drop in GDP. While a recession normally affects only one country, a depression is usually severe enough to affect global
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If you’re looking for a property during a recession, there are a few things to keep in mind. Lower Prices Houses tend to stay on the market longer during a recession because there are fewer purchasers. As a result, sellers are more likely to reduce their listing prices in order to make their home easier
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Inflation, or the gradual increase in the price of goods and services over time, has a variety of positive and negative consequences. Inflation reduces purchasing power, or the amount of something that can be bought with money. Because inflation reduces the purchasing power of currency, customers are encouraged to spend and store up on products
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Inflation is beneficial when it counteracts the negative impacts of deflation, which are often more damaging to an economy. Consumers spend today because they expect prices to rise in the future, encouraging economic growth. Managing future inflation expectations is an important part of maintaining a stable inflation rate. Why is inflation so dangerous? If inflation
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Inflation isn’t going away anytime soon. In fact, prices are rising faster than they have been since the early 1980s. According to the most current Consumer Price Index (CPI) report, prices increased 7.9% in February compared to the previous year. Since January 1982, this is the largest annualized increase in CPI inflation. Even when volatile
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