“While cash isn’t a growth asset, it will typically stay up with inflation in nominal terms if inflation is accompanied by rising short-term interest rates,” she continues. CFP and founder of Dare to Dream Financial Planning Anna N’Jie-Konte agrees. With the epidemic demonstrating how volatile the economy can be, N’Jie-Konte advises maintaining some money in […]
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In its second advance estimates of national accounts released on Monday, the National Statistical Office (NSO) forecasted the country’s growth for 2021-22 at 8.9%, slightly lower than the 9.2% estimated in its first advance estimates released in January. Furthermore, the National Statistics Office (NSO) reduced its estimates of GDP contraction for the coronavirus pandemic-affected last […]
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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 […]
Are We Near A Recession? Read More »
During a recession, unemployment tends to grow quickly and stay high for a long time. As a result of higher costs, stagnant or declining revenue, and greater pressure to cover debts, businesses tend to lay off workers in order to save money. During a recession, the number of jobless workers rises throughout many industries at […]
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With inflation at historic highs, the Federal Reserve, the federal agency in charge of maintaining price stability, has been under intense pressure from policymakers and consumers to bring the situation under control. One of the Federal Reserve’s key beliefs is to support price stability and keep inflation at 2%. The Fed hiked the federal funds […]
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According to Trading Economics global macro models and analysts, Iraq’s GDP is anticipated to reach 220.00 USD billion by the end of 2021. According to our econometric models, Iraq’s GDP will trend at 245.00 USD billion in 2022. Iraq has what kind of economy? Iraq is a Middle Eastern country bordering the Persian Gulf. Iran, […]
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In addition to updated fourth-quarter projections, today’s announcement includes revised third-quarter 2021 wages and salaries, personal taxes, and government social insurance contributions, all based on new data from the Bureau of Labor Statistics Quarterly Census of Employment and Wages program. Wages and wages climbed by $306.8 billion in the third quarter, up $27.7 billion from […]
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In January 2022, the Consumer Price Index (CPI) increased by 5.1 percent year over year, up from 4.8 percent in December 2021. The CPI increased 4.3 percent year over year, excluding gasoline. In 2021, how much has the cost of living increased? Consumer prices rise 7% in 2021, bringing inflation to its highest level since […]
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Was there a lot of inflation in 2008? Another important measure of inflation, which excludes volatile food and energy, increased by 0.9 percent. In the month of June. The 12-month rate jumped to 4.5 percent from 3.8 percent, reaching a 29-year high. Economists regularly monitor this core rate as a more accurate indicator of underlying […]
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Buying a home during a recession will, on average, earn you a better deal. As the number of foreclosures and owners forced to sell to stay afloat rises, more homes become available on the market, resulting in reduced housing prices. Because this recession is unlike any other, every buyer will be in a unique position […]
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