A recession is a period of economic contraction during which businesses experience lower demand and lose money. Companies begin laying off people in order to decrease costs and halt losses, resulting in rising unemployment rates. Re-employing individuals in new positions is a time-consuming and flexible process that faces certain specific problems due to the nature […]
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A recession is a prolonged period of low economic activity that might last months or even years. When a country’s economy faces negative gross domestic product (GDP), growing unemployment, dropping retail sales, and contracting income and manufacturing metrics for a protracted period of time, experts call it a recession. Recessions are an inescapable element of
When Does A Recession Occur? Read More »
A recession is a prolonged period of low economic activity that might last months or even years. When a country’s economy faces negative gross domestic product (GDP), growing unemployment, dropping retail sales, and contracting income and manufacturing metrics for a protracted period of time, experts call it a recession. Recessions are an inescapable element of
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CAMBRIDGE, MASSACHUSETTS When the global financial crisis hit in 2008, Queen Elizabeth II famously remarked, “Why didn’t anyone see it coming?” when visiting the London School of Economics. The high inflation of 2021 should raise the same concern, particularly in the United States, where year-on-year increases in consumer prices reached a four-decade high of 7%
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Investors in gold and silver choose to buy precious metals to protect their money during recessions and other financial crises. Is it, however, worthwhile? Is it beneficial to diversify your portfolio by investing 10% to 15% of your money in gold and silver bars and coins? The stock market follows a cyclical pattern. They go
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According to IMF forecasts for 2021, Luxembourg has the greatest Gross Domestic Product (GDP) per capita at $131,781.72, while Burundi has the lowest at $265.18. Here are the countries with the lowest per capita income, indicating that they are the poorest in the world. What are the top five countries in terms of GDP per
Which Five Countries Have The Lowest GDP Per Capita? Read More »
In 2020, total debt in the United States was 895.4 percent of GDP, up from 870.7 percent the previous quarter. Data on US total debt as a percentage of GDP is updated quarterly and is available from December 1951 through December 2020. The figures ranged from a peak of 895.4 percent in December 2020 to
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A lack of company and consumer confidence causes economic recessions. Demand falls when confidence falls. A recession occurs when continuous economic expansion reaches its peak, reverses, and becomes continuous economic contraction. What are the five reasons for a recession? In general, an economy’s expansion and growth cannot persist indefinitely. A complex, interwoven set of circumstances
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Inflation, or the gradual increase in the price of goods and services over time, has a variety of positive and negative consequences. Inflation reduces purchasing power, or the amount of something that can be bought with money. Because inflation reduces the purchasing power of currency, customers are encouraged to spend and store up on products
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According to our econometric models, North Korea’s GDP will trend around 19.00 USD billion in 2022 and 20.35 USD billion in 2023 in the long run. South Korea versus North Korea, who is wealthier? According to these estimations, South Korea’s standard of life is 20 times higher than North Korea’s, and its overall GDP is
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