More than any type of commodity, energy has the biggest impact on our daily lives, from switching the lights on in the mornings to driving home in the evenings, from heating or cooling our homes, running factories, schools and hospitals to many industrial operations....
CPI and PCE: Two Indicators of Inflation in the U.S. Inflation can be defined as a persistent increase in the overall level of prices of goods and services that households typically purchase. When the prices rise over time the cost of living becomes more expensive....
Japan is the world's third-largest economy with nominal GDP of $5 trillion as of 2020. The Japanese economy was once the world's second-largest after the United States until 2010 when it was taken over by China. As in other advanced countries, the services sector...
Commodity prices reached very high levels this year. A rebound in the world's largest economies was driving demand for food, energy, and metals. The massive amount of liquidity injections along with the loose monetary stance and vaccine-driven optimism certainly...
Latest economic facts about Canada : Canada is one of the wealthiest nations in the world. With a $1.6 trillion GDP, Canada is ranked as the ninth-largest economy after Italy. The services industry is dominant and accounts for 70% of the GDP while manufacturing and...
Poland is the seventh-largest economy in the European Union and the largest of Central and Eastern European (CEE) economies. The Polish economy accounts for 36% of the CEE's total GDP. Poland has emerged as a dynamic market over the last three decades and has become a...
Brazil is the largest economy amongst all Latin American countries and the ninth-largest in the world. The country occupies half of South America's land area, both in size and population. In 2020, Brazil's GDP amounted to around $1.37 trillion. In comparison to the...
The world continues to fight against the economic and social disruption caused by the COVID-19 pandemic and a sustained recovery significantly depends on the course of the virus and a rapid vaccine rollout. Things are not different for the world's largest economy, the...
The Covid-19 pandemic has caused a big shock to sub-Saharan Africa and led to its first downturn in 30 years- threatening to wipe out decades of economic progress. According to the IMF's latest report, the region contracted by an estimated 2.6% in 2020. Lower private...
One of the most challenging years in modern history is finally over; leaving the world with serious political and social uncertainties that emerged due to the Covid-19 pandemic. Many countries were under strict lockdowns in 2020 against the spread of the Covid-19...