Healthcare, food, consumer staples, and basic transportation are examples of generally inelastic industries that can thrive during economic downturns. During a public health emergency, they may also benefit from being classified as critical industries. What businesses thrive during economic downturns? The following are some instances of retail businesses that frequently gain from recessions: Walmart (NYSE:WMT): […]
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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). What percentage of China’s GDP is 2020? According
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Vietnam’s economy is a mixed socialist-oriented market economy that is the world’s 37th largest by nominal gross domestic product (GDP) and the world’s 23rd largest by purchasing power parity (PPP) in 2020. Vietnam is a member of the Association of Southeast Asian Nations, the Asia-Pacific Economic Cooperation, and the World Trade Organization. Vietnam has transitioned
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According to the Bureau of Economic Analysis’ “first” estimate, real gross domestic product (GDP) expanded at an annual rate of 2.6 percent in the fourth quarter of 2018 (table 1). Real GDP climbed by 3.4 percent in the third quarter. Because of the partial government shutdown, the “advance” estimate for the fourth quarter and annual
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Inflation, according to economists, occurs when the supply of money exceeds the demand for it. When inflation helps to raise consumer demand and consumption, which drives economic growth, it is considered as a positive. Some people believe inflation is necessary to prevent deflation, while others say it is a drag on the economy. Some inflation,
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2. Demographic Trends and Economic Growth Implications In discussions on the drivers of economic growth, demographic factors have occasionally taken center stage. Thomas Malthus predicted in the 18th century that due to the continuous rapid growth of the world population, GDP growth per capita will decline. Fertility rates, on the other hand, began to decline
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Investors aren’t crazy about high inflation, which can hamper the growth prospects of high-flying tech firms, among other things. Keep in mind that increased prices can lead to higher interest rates, which can make growth equities less appealing when compared to less risky options. But we’re not quite there yet. Many market observers feel the
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Amazon has wreaked havoc on traditional retail, hastening the collapse of struggling businesses. The company’s overhead costs are much lower than those of other shops because it does not have a physical location. This offers Amazon the advantage of being able to undercut competitors on price and operate on a lower profit margin. Is Amazon
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According to Trading Economics global macro models and analysts, GDP per capita in Canada is predicted to reach 43100.00 USD by the end of 2021. According to our econometric models, Canada’s GDP per capita will trend around 44500.00 USD in 2022 and 45600.00 USD in 2023 in the long run. What is the per capita
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Consumers who are comfortably wealthy are confident in their ability to weather present and future economic storms. They continue to consume at near-pre-recession levels, while they are becoming more selective (and less visible) in their purchases. People in the top 5% of the income distribution make up the majority of this group. It also includes
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