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A recession is a period of economic downturn. It is characterized by a fall in gross domestic product (GDP), an increase in unemployment, and a decline in business activity. Recessions are usually accompanied by a drop in the stock market and a reduction in household wealth. They can have a number of causes, such as a financial crisis, a recession in a major trading partner, or a decrease in consumer or business confidence. Recessions can have serious consequences for individuals and businesses,
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The economy of Thailand is dependent on exports, which accounted in 2021 for about 58 per cent of the country's gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 17.922 trillion baht (US$514.8 billion) in 2023, the 9th largest economy in Asia. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. Its currency, the baht, is ranked as the tenth most frequently used world payment currency in 2017 The
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I can see why this country is the happiest. Gross National Happiness is more important than Gross Domestic Product.
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The US economy grew at a weaker-than-expected pace in the second quarter as inflation-adjusted gross domestic product increased an annualized 1.5% in the period. Michael McKee breaks down the numbers. #US #news #economy #jobs #inflation
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