According to an old proverb, “Necessity is the mother of invention,” as the saying goes. When you have to do more with less, nothing inspires you to be more innovative. Determine which sectors and ideal clients you don’t already sell to but who might benefit from your products. Convert them into paying consumers. When the […]
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High inflation, which had been an economic afterthought for decades, resurfaced with startling speed last year. The consumer price index of the Labor Department was only 1.7 percent higher in February 2021 than it was a year earlier. From there, year-over-year price hikes rapidly increased: 2.6 percent in March, 4.2 percent in April, 4.9 percent
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According to Trading Economics global macro models and analysts, Nigeria’s GDP per capita is anticipated to reach 2360.00 USD by the end of 2021. According to our econometric models, Nigeria’s GDP per capita will trend around 2400.00 USD in 2022 and 2500.00 USD in 2023 in the long run. What will Nigeria’s per capita income
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For instance, if prices in an economy have risen by 1% since the base year, the deflated number is 1.01. If nominal GDP is $1 million, real GDP equals $1,000,000 divided by 1.01, or $990,099. Using the price and quantity example, how do you calculate real GDP? What proportion of the growth in GDP is
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Healthcare, food, consumer staples, and basic transportation are examples of generally inelastic industries that can thrive during economic downturns. During a public health emergency, they may also benefit from being classified as critical industries. What industries thrive during a downturn? While some industries are more vulnerable to economic fluctuations, others tend to do well during
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Any well-diversified portfolio should include a mix of fast-growing companies and financially sound blue-chip stocks that can weather a downturn. During recessions, blue-chip stocks appeal to investors because they often pay dividends, offering a measurable return in the form of income. Blue-chip stocks in recession-resistant industries are particularly steady, which can help mitigate the impact
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The GDP deflator (implicit price deflator for GDP) is a measure of the level of prices in an economy for all new, domestically produced final goods and services. It is a price index that is calculated using nominal GDP and real GDP to measure price inflation or deflation. Nominal GDP versus Real GDP The market
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The quantity of spare capacity and the rate of economic growth are important factors in predicting inflation. Assume a country like the United Kingdom has a long-run trend rate of 2.5 percent. This suggests that growth of less than 2.5 percent is unlikely to result in inflation. If, on the other hand, growth exceeds 3%
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Many cryptocurrency supporters consider it to be a digital equivalent of the US dollar, which it is in some ways. Although not every coffee shop accepts Bitcoin or Ethereum, crypto is becoming more popular as a means of payment. Several well-known merchants (and well-known e-tailers) now take bitcoin, and the number of firms taking digital
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The Federal Reserve hiked the fed funds rate in 2004 at the same time that the interest rates on these new mortgages were adjusted. As supply outpaced demand, housing prices began to decrease in 2007. Homeowners who couldn’t afford the payments but couldn’t sell their home were imprisoned. When derivatives’ values plummeted, banks stopped lending
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