Navigating Global Financial Matters at the G7 and G20 Summits
In the modern interconnected world, the economic stability of one nation can have consequences around the globe. Thus, international financial groups meet at summits to address the most pressing global challenges. Among these gatherings, the G7 and G20 summits stand...
A Primer on the Causes and Effects of Inflation
Inflation, which refers to a creeping rise in prices that affects the cost of living, has been a topic of concern for people around the world in recent years. In the United States, the annual inflation rate was 3.7 percent for the year ending September 2023,...
What Does a Minister of Finance Do?
Although the title may differ from one country to another, every nation has a government figure that oversees important economic matters. The minister of finance, also referred to as the Treasurer, secretary of the treasury, or finance minister in different countries,...
What You Need to Know about 5 Key Economic Metrics
Researchers and policymakers use numerous metrics to estimate a country’s economic health and performance. These tools help them understand financial trends, make informed decisions, and identify the impact of economic policies. This guide reviews five common economic...
What Is the Consumer Price Index (CPI) and What Does It Say about Economic Health?
The Consumer Price Index (CPI) is a popular measure for determining inflation and deflation and providing an overall look at the purchasing power of a currency. CPI as an economic indicator has its proponents and detractors, but it is widely used as a snapshot of how...
What Is Fiscal Policy, and How Does It Affect a Nation’s Economy?
National governments are always under public pressure during tough economic times. People become agitated when the economy is not good, and if they wish to remain in power, governments must try to improve economic conditions and then keep the restored economy stable....
What Lies Ahead for Latin America in the Face of Slowing Growth?
The nations of Latin America face an increasingly difficult challenge as they look to continue their recovery from the worst effects of the global COVID-19 pandemic. Numerous factors worldwide could pose serious problems for economies in the Latin American region,...
What Are the Fastest-Growing Economies in Sub-Saharan Africa?
As the world recovers from the massive economic disruptions caused by the COVID-19 pandemic, many nations are recovering quickly. Not all countries begin from an equal economic basis, however. The nations of Sub-Saharan Africa contain some of the poorest economies in...
What Are the World’s Fastest-Growing Economies?
Economies around the world are emerging from the depths of the COVID-19 pandemic and entering a period of recovery and, hopefully, increased growth. Some nations are projected to grow their economies at rates much faster than others. Looking ahead, these are the...
What Is Gross Domestic Product, and What Does It Mean for an Economy?
Like any sector, economics is filled with various abbreviations and terms that can be difficult for the layperson to understand. Unlike many sectors, however, economics directly affects everyone. The state of the economy—locally, nationally, and worldwide—impacts...