The economy of a nation is the engine that drives prosperity and creates wealth for that country and its citizens. A nation's utilization of its available resources and manpower has a great influence upon its overall economic prowess. Factors such as governmental structure, access to valuable commodities, size and sophistication of the labor force, and relations with trade partners are all key components of achieving economic stability.
Governmental politics play a crucial role in the resolution of many issues facing a nation. The potential impact upon international markets of U.S. President-elect Trump's economic policies, tensions between Russia and NATO, and Scottish independence from the United Kingdom may be substantial. In addition, the fluctuating market price of commodities, such as crude oil, often has vast implications on the overall economic health of many nations and their currencies.
Economies come in all shapes and sizes, earning designations ranging from superpower to emerging. To place each into the proper context, specific indicators are used to quantify the current economic health of a nation and the extent of its growth. A nation's gross domestic product (GDP) is the most referenced indicator pertaining to economic strength.
The value of the United States dollar (USD), British pound (GBP), Canadian dollar (CAD) and other major global currencies rely upon the domestic economic health of the nation itself. In the event that the sustainability of growth and other basic fundamentals come into question, currency valuations often experience periods of enhanced volatility.
Australia's economy is officially above pre-pandemic levels. Economic activity has bounced back in the past two quarters. Data from the Australian Bureau of Statistics (ABS) reveals Australia's Gross Domestic Product…
In its latest policy decision, the Reserve Bank of New Zealand offered a hawkish surprise, by announcing the discontinuation of its Large Scale Asset Purchases (LSAP)
The Reserve Bank of Australia maintained its cash rate at the record low of 0.1% and extended its bond buying past the current September due date, albeit at lower pace
Yes it does and the phenomenon is now more impactful than ever. We have seen numerous examples in 2021 of celebrity billionaires, retail chat forums and social media influencers affecting…
Governments utilise a mix of spending and taxation to meet economic objectives. This is typically referred to as fiscal policy and is used to affect the level of aggregate demand…
Yes, they are! And they are not alone. It's not a secret that China is quickly becoming the biggest and most competitive market for Electric Vehicle ("EV"). Other brands like…
The US central bank maintained its interest rates and QE pace yesterday, but upgraded its economic forecasts and view on rates path, sending the US Dollar higher
Companies looking to go public have more than one way to achieve their goal, including through Special Purpose Acquisition Companies (SPACs), a method that has come to prominence in recent…
Central Banks Introduce Hawkishness On 21 April, the Bank of Canada was the first industrial country's central bank to signal a reduction in stimulus and a normalisation of monetary policy.…
The BoC left interest rates unchanged at 0.25% and QE at C$3 billion/week, with more action potentially expected at the next meeting
It has been a few months since we saw the first reports of economic recovery in China. If we look at the GDP stats, China's significant down fall was first…
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