Economic predictions are often off the mark. Take 1929, for example. A well-known economist confidently declared that stock prices had hit a "permanent high. " Just two weeks later, the market crashed, kicking off the Great Depression. Fast forward to today, and economic forecasters still struggle.
Economic growth is often celebrated, but sometimes the numbers tell a different story. Recently, it was discovered that a small part of the reported 4. 3% GDP growth was actually inflated. This was due to some unusual data from the video game industry. It turns out that the way video game sales were
Economists and business leaders recently gathered to discuss the economic outlook for Greater Williamsburg. The conversation covered a range of topics, including the job market, housing trends, and the tourism industry. Inflation has been a major concern, with recent data showing a rise in prices.
Eco-design is a big deal in the world of manufacturing. It's all about creating products that are kinder to the environment, and it's catching on fast. Governments are throwing their weight behind it, setting up rules and incentives to make sure manufacturers get on board. These incentives can be en
Economic growth isn't just about numbers; it's about quality too. And the business environment plays a big role in shaping that quality. This study took a close look at how the business environment affects high-quality economic development. They used a complex system of indexes to measure this, look
Economists have been grappling with the challenge of predicting bubbles in financial markets. One recent study took a fresh approach by dividing the market into four regimes and assuming that volatility can change over time. This four-regime bubble model focuses on identifying the start, peak, colla
Economists are eagerly awaiting the October jobs report, but they're not sure what to expect. Two major hurricanes and several strikes might have thrown a wrench into the usual job numbers. It's so uncertain that some experts even think we might see a drop in jobs! These natural disasters and labor
