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. When was the last time Australia experienced a downturn? In January 2020, Australia was hit by the Covid-19 epidemic. On March 20, Australia’s borders were blocked to all […]
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Because Bitcoin is basically a deflationary asset, inhabitants of nations with unstable fiat currencies are increasingly using it as a store of value to shield themselves from hyperinflation and growing costs of common goods and services. Crypto, unlike fiat currency, cannot be manipulated as easily as fiat currency by changing interest rates and increasing money
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In the past, an inverted yield curve was thought to be a sign of impending economic downturn. When short-term interest rates exceed long-term interest rates, market sentiment suggests that the long-term outlook is bleak and that long-term fixed-income yields will continue to decline. Why is it possible that an inverted yield curve is linked to
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GDP is significant because it provides information on the size and performance of an economy. The pace of increase in real GDP is frequently used as a gauge of the economy’s overall health. An increase in real GDP is viewed as a sign that the economy is performing well in general. What makes real GDP
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The proper reaction of monetary and fiscal policy to economic conditions is determined by the balance of supply and demand in commodities and services markets as well as capital markets. When mood is negative, monetary policy can try to promote activity in goods and services markets by lowering the cost of capital, but this is
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The percentage change in real GDP per capita between two consecutive years is used to compute the annual growth rate of real GDP per capita. GDP at constant prices is divided by the population of a country or area to get real GDP per capita. To make calculating country growth rates and aggregating country data
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Cambodia is currently one of the world’s poorest countries. The per capita income of Itsper is only US$260. When adjusted for purchasing power parity (which takes into account Cambodia’s cheap costs for products), per-capita income rises considerably to US$1300. Approximately 36% of the population lives in poverty. More than a quarter of homes in Phnom
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Price increases could be a sign of a fast-growing economy. Demand for products and services is fueled by people buying more than they need to avoid tomorrow’s rising prices. Suppliers are unable to keep up. Worse still, neither can wages. As a result, most people are unable to afford common products and services. Do prices
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The US Inflation Rate is the percentage increase in the price of a selected basket of goods and services purchased in the US over a year. The US Federal Reserve uses inflation as one of the indicators to assess the economy’s health. The Federal Reserve has set a target of 2% inflation for the US
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The Gross Domestic Product (GDP) per capita is calculated by dividing a country’s GDP by its total population. The table below ranks countries throughout the world by GDP per capita in Purchasing Power Parity (PPP), as well as nominal GDP per capita. Rather to relying solely on exchange rates, PPP considers the relative cost of
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