In 2021, total health expenditures in Canada are estimated to exceed $308 billion, or $8,019 per person. Health spending is expected to account for 12.7 percent of Canada’s gross domestic product (GDP). See our report National Health Expenditure Trends for additional information. The National Health Expenditure Database (NHEX) is Canada’s major source of health spending […]
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Recessions typically last eight to nine months, putting the next one around the middle of 2024. If the current market follows its historical trajectory, the current turmoil should be viewed as a one-time blip in risk markets. Is a recession expected in 2021? Unfortunately, a worldwide economic recession in 2021 appears to be a foregone
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According to a monetarist, a general increase in the price of goods is a reflection of the money’s worth rather than the worth of the goods. There are objective and subjective aspects to this: Subjectively, the people who have the money have little faith in its potential to hold its worth. Venezuela’s economy began to
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The notion of exponential expansion of space in the early cosmos is known as cosmic inflation, cosmological inflation, or just inflation in physical cosmology. From 1036 seconds after the conjectured Big Bang singularity to somewhere between 1033 and 1032 seconds following the singularity, the inflationary epoch lasted. The cosmos continued to grow after the inflationary
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Cost-push inflation is caused by broad increases in the costs of production inputs. These are the necessary inputs for producing products and services, and they include capital, land, labor, and entrepreneurship. When the cost of these elements rises, producers must raise the price of their goods and services to maintain profit margins. When these production
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Consumers feel the pinch in their daily lives. Prices for old automobiles and trucks have increased by 41% in the last year, 40% for fuel, 18% for bacon, 14% for bedroom furniture, and 11% for women’s clothes. The Federal Reserve did not expect such a severe and long-lasting inflation wave. Consumer inflation would remain below
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According to Trading Economics global macro models and analysts, Sudan’s GDP per capita is anticipated to reach 2000.00 USD by the end of 2021. According to our econometric models, Sudan’s GDP per capita is expected to trend at 2150.00 USD in 2022 and 2170.00 USD in 2023. What is the GDP of South Sudan in
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The Great Inflation defined the second half of the twentieth century’s macroeconomic epoch. It lasted from 1965 to 1982 and caused economists to reconsider the Fed’s and other central banks’ strategies. What was the Great Inflation like? This is how the tale goes: The Vietnam War cost President Lyndon B. Johnson a lot of money.
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Previous publications, such as the one titled “Consumers Switch To Cheaper, Lighter Beer During COVID-19,” have overlooked the fact that while cheap beer sales are increasing, overall beer sales are increasing even more. Beer sales in retailers have increased by 27.5 percent compared to the same period last year. As a result, while lower-cost beer
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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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