A contraction is the phase of the business cycle when the economy declines, often with falling real GDP and rising unemployment, moving from peak toward trough (expansion, peak, contraction, trough).
The role of imports in GDP—Gross Domestic Product—confuses many people. The current political discussion about tariffs has triggered some of the misunderstanding. This article aims to help business ...
Singapore's economy expanded faster than economists expected in the second quarter of 2026, driven by AI-related ...
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EXPLAINED | Nominal GDP vs Real GDP: What's the difference? Which is a better marker to understand economical health?
The Ministry of Statistics and Programme Implementation (MoSPI) last week released the economic growth data for the first quarter - covering months of April, May and June of the current financial year ...
Belarus demonstrates positive dynamics of foreign trade and GDP growth, which is disliked by the country’s opponents who have ...
Consumption is an always effect of what actually matters: production. It’s a reminder that while “supply siders” are increasingly ridiculous, “supply-side economics” is a statement of the obvious: the ...
When Ireland's GDP figures for 2025 came in, a startling 12.3% in real terms, many spoke of a fresh economic miracle. The number, taken at face value, looks extraordinary: no advanced economy grows in ...
MINSK, 1 November (BelTA) - First Deputy Chairwoman of the National Statistical Committee Yelena Kukharevich explained why the World Bank revised the GDP forecast for Belarus upward in a new episode ...
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