Average earnings growth measures the typical increase in wages or salaries over a specific period. It reflects changes in compensation…
Zero interest rates (ZIRP) mean central banks set benchmark rates at or near zero. This aims to stimulate borrowing and…
Unemployment refers to the condition of being jobless and actively seeking work. It's a key economic indicator, reflecting the health…
Stagflation is a complex economic condition characterized by high inflation, slow economic growth, and high unemployment. Understanding its causes and…
A recession is a significant, widespread, and prolonged downturn in economic activity. It's characterized by falling GDP, rising unemployment, and…
The real interest rate reflects the actual purchasing power of returns on an investment or loan. It accounts for inflation,…
Purchasing Power Parity (PPP) theory suggests exchange rates should equalize prices for identical goods and services across countries. It's a…
The Purchasing Managers' Index (PMI) is a key economic indicator reflecting business activity in the manufacturing and services sectors. It…
The Producer Price Index (PPI) measures the average change over time in selling prices received by domestic producers for their…
Privatisation involves the transfer of ownership, control, and management of state-owned enterprises and assets to the private sector. This aims…