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 ...

What are economic cycles? Why is it important to understand economic cycles? What are the main causes of economic cycles? What are the key indicators of economic cycles? How can you predict a ...

With the benefit of insight, not long from now, the National Bureau of Statistics (NBS) will release Nigeria's rebased GDP figures, updating the nation's economic data for the first time in over a ...

Fears of a recession are back on investors’ minds. But predicting the onset of an economic downturn, let alone the length and severity of one, is difficult even for the experts. As a rule of thumb, ...

GDP is an estimate of the value of the goods and services produced in the United States. It is not a comprehensive measure of well-being, nor is it the only critical indicator of the economy. Because ...