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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The United States’ and many other countries’ inflation records have been significantly better in the last 20 years than they were from the mid-1960s to the early 1980s. In addition, recent years have seen stronger economic growth and financial stability than previous years of high and extremely volatile inflation. Low and stable inflation, according to
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Inflation is defined as a steady increase in overall price levels. Inflation that is moderate is linked to economic growth, whereas high inflation can indicate an overheated economy. Businesses and consumers spend more money on goods and services as the economy grows. What is the economic impact of inflation? Inflation is defined as the rate
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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. During a recession, how much does the
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Unfortunately, a worldwide economic recession in 2021 appears to be a foregone conclusion. The coronavirus has already wreaked havoc on businesses and economies around the world, and experts predict that the devastation will only get worse. Fortunately, there are methods to prepare for a downturn in the economy: live within your means. Is there a
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Inflation is the gradual loss of a currency’s buying value over time. The increase in the average price level of a basket of selected goods and services in an economy over time can be used to calculate a quantitative estimate of the rate at which buying power declines. A rise in the general level of
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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
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Venezuela is experiencing hyperinflation. is Venezuela’s currency volatility, which began in 2016 as a result of the country’s continuous socioeconomic and political crises. In 1983, Venezuela began experiencing continuous and uninterrupted inflation, with yearly inflation rates in the double digits. Under Nicols Maduro, inflation rates rose to the highest in the world in 2014, and
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Cost-push inflation (also known as wage-push inflation) happens when the cost of labour and raw materials rises, causing overall prices to rise (inflation). Higher manufacturing costs might reduce the economy’s aggregate supply (the total amount of output). Because demand for goods has remained unchanged, production price increases are passed on to consumers, resulting in cost-push
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Cryptocurrencies are supposed to protect their owners from the debasement of fiat money. One of the basic principles of the bull thesis for Ethereum (CCC:ETH-USD), Bitcoin (CCC:BTC-USD), and other major cryptos is that this is the case. Bitcoin (BTC) Bitcoin is the first cryptocurrency, as well as the most valuable in terms of market capitalization.
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