In February, when total inflation was 2.2 percent, the cost of healthcare, which accounts for a large portion of Swiss household budgets, fell by 0.5 percent year on year. That was the greatest inflation rate since 2008, but it was still a drop in the bucket compared to other industrialized nations. Switzerland’s mild price pressures […]
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“Development can be viewed as a process of increasing people’s true liberties.” Sen, Amartya The expansion of a country’s economy is measured by economic growth. Today, policymakers and scholars alike commonly quantify it by rising gross domestic product, or GDP. This metric calculates a country’s value added, which is the total value of all products
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“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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The Great Recession, which ran from December 2007 to June 2009, was one of the worst economic downturns in US history. The economic crisis was precipitated by the collapse of the housing market, which was fueled by low interest rates, cheap lending, poor regulation, and hazardous subprime mortgages. New financial laws and an aggressive Federal
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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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Inflation is a significant factor in the economy that affects everyone’s finances. Here’s an in-depth look at the five primary reasons of this economic phenomenon so you can comprehend it better. Growing Economy Unemployment falls and salaries normally rise in a developing or expanding economy. As a result, more people have more money in their
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In a system with a large amount of cash and a little supply of products, managing inflation will be much more difficult with increased inflation expectations. Why is inflation so challenging? Inflation is a measure of how much the cost of living has changed over time. Statistics such as the Consumer Price Index CPI and
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The adjective “transitory” has a good possibility of becoming one of the words of the year in 2021. At least, that’s the consensus among central bankers and analysts. While Federal Reserve Chair Jerome Powell recently revised his view that the current US inflation rate of 6.8% is a “transitory” phenomenon, fueling speculation about an impending
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People who are approaching or have recently reached retirement can be particularly hard hit by a recession. Due to job loss, a recession may compel some people to retire earlier than intended. Others may decide to postpone retirement in order to avoid having to dig into their retirement assets during a downturn. What happens to
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Gold has long been thought to be a good inflation hedge. In reality, many people have looked to gold as a “alternative currency,” especially in countries where the national currency is depreciating. When their own currency fails, these countries often resort to gold or other strong currencies. Gold is a genuine, tangible asset that, for
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