Venezuela’s annual inflation rate was 686.4 percent in 2021, indicating a slowing of consumer price increases compared to the previous year, when it was 2,959.8 percent, according to the country’s central bank. What is the inflation rate in Venezuela in 2020? Average consumer price inflation rate in Venezuela (Bolivarian Republic of). Venezuela (Bolivarian Republic of) […]
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Stock prices usually plunge during a recession. The stock market may be extremely volatile, with share prices swinging dramatically. Investors respond rapidly to any hint of good or negative news, and the flight to safety can force some investors to withdraw their funds entirely from the stock market. Do stocks fall in a downturn? During
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GDP quantifies the monetary worth of final goods and services produced in a country over a specific period of time, i.e. those that are purchased by the end user (say a quarter or a year). It is a metric that measures all of the output produced within a country’s borders. What does GDP stand for,
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According to GDP statistics from 2021, China’s most productive provinces and cities are listed below. According to the National Bureau of Statistics, China’s GDP in 2021 was RMB 114.4 trillion (US$17.7 trillion), up around RMB 13 trillion (US$3 trillion) from 2020, or 8.1 percent year-on-year growth (NBS). China’s Economy Prior to Reforms Prior to 1979,
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What we’re witnessing now is that inflation rates are much higher. So, the current headline CPI – consumer price inflation – number in the United States is 7% year over year, which is a very high amount. Is this, in fact, inflation? That’s when economists start to diverge a little. Because inflation is a broad
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In the last six years, an average of 31% of companies have given average raises of 3% or more. In 2022, 44% of companies plan to give pay raises of more than 3%. Inflation was 7.5 percent higher in January 2022 than it was a year earlier, a 40-year high. Do wages rise in line
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During a recession, the economy suffers, individuals lose their jobs, businesses make less sales, and the country’s overall economic output plummets. The point at which the economy officially enters a recession is determined by a number of factors. In 1974, economist Julius Shiskin devised a set of guidelines for defining a recession: The most popular
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Another method to insulate your 401(k) from potential market volatility is to make consistent contributions. During a downturn, cutting back on your contributions may lose you the opportunity to invest in assets at a bargain. Maintaining your 401(k) contributions during a period of investment growth when your investments have outperformed expectations is also critical. It’s
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In a recession, there are seven stocks that soar: What types of equities are recession-resistant? 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
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In the United States, the minimum wage is determined by federal labor law as well as a variety of state and municipal regulations. The first federal minimum wage was established as part of President Franklin D. Roosevelt’s National Industrial Recovery Act of 1933, which was enacted into law but later found unconstitutional. The Fair Labor
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