The coronavirus has already wreaked havoc on businesses and economies around the world, and experts predict that the devastation will only get worse. What is the state of the economy in 2021? “While Omicron will slow growth in the first quarter, activity is projected to pick up nicely once the newest pandemic wave has passed […]
Will There Be Recession In 2021? Read More »
A wholesale price index (WPI) is a measure and monitor of changes in the price of items before they reach the retail level. This is a term used to describe goods that are sold in large quantities and transferred between entities or businesses (instead of between consumers). The WPI, which is usually represented as a
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The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. This suggests that the dollar’s purchasing power has deteriorated in recent years. In 2021, which country will have the highest inflation rate? Japan has the lowest inflation rate of the major developed and emerging economies in November
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Inflation factors for variance range from one to ten. The numerical number for VIF indicates how much the variance (i.e. the standard error squared) is inflated for each coefficient (in decimal notation). A VIF of 1.9, for example, indicates that the variance of a specific coefficient is 90% higher than what you’d expect if there
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To listen to the podcast, press play on the player above and follow along with the transcript below. In its current form, this transcript was created automatically and then edited for clarity. Between the audio and the text, there may be some discrepancies. Republican attempts to invalidate state-ordered congressional districting schemes in North Carolina and
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There is doubt that the Fed will be able to navigate the chaotic global economy and geopolitical circumstances adequately. “We’re really asking the US Federal Reserve to do the impossible,” said Joe Brusuelas, chief economist at consulting firm RSM. With Russia’s conflict on Ukraine and increasing oil prices, expecting the Fed to only lower inflation
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Now all you have to do is plug it into the inflation formula and run the numbers. To begin, subtract the CPI from the beginning date (A) and divide it by the CPI for the beginning date (B) (A). The inflation rate % is then calculated by multiplying the figure by 100. What is the
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According to Trading Economics global macro models and analysts, Zimbabwe’s GDP is predicted to reach 22.00 USD billion by the end of 2021. According to our econometric models, the Zimbabwe GDP is expected to trend at 23.50 USD billion in 2022. What is the GDP of Zimbabwe? The total value of all services and goods
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Gross domestic product (GDP) at current prices, without inflation adjustment, is known as nominal GDP. Current GDP price estimates are calculated by expressing the total worth of all products and services produced during the reporting period. The forecast is based on a combination of model-based assessments and expert judgment to assess the economic conditions in
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According to Randy VanderVaate, president and owner of Funeral Funds, the insurance industry is recession-proof because individuals need insurance whether the economy is good or bad. “We’ve discovered that people are more financially susceptible when a death occurs during a recession,” VanderVaate added. “As a result, most families regard life and health insurance as a
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