GDP

Opinion

Opinion: Want To Avoid Inflation? Let’s Build.

Any economic historian of the 20th century will understand the terrible impact inflation can have on an economy. Where it’s too high, it will destabilize consumer confidence, reducing spending in an economy. This means less growth, more unemployment, and higher poverty. Given the huge increases in the supply of money to help sustain the economy throughout the

International

Report: Mexican economy shrinks 8.5% in 2020

Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico’s gross domestic product grew 3.1% in the final three months of the year, according to preliminary data released Friday by the National Statistics and Geography Institute. Growth in the second half of 2020

Financial

Economic comeback under President Trump breaks 70-year record

News broke on Thursday that real GDP grew at an annualized rate of 33.1% in the third quarter of 2020—beating expectations and setting an all-time record. This jump in GDP is nearly double the previous record set 70 years ago. Thanks to President Trump’s policies, the American economy is weathering the global pandemic better than any other

International

Japan’s economy shrinks at record rate, slammed by pandemic

Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross domestic product, or GDP, the sum of a nation’s goods and services, fell 7.8% quarter

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