data storytelling in economics

Data storytelling in economics involves using data to communicate complex economic concepts and trends in a relatable and engaging way. It combines data analysis with narrative techniques to make information accessible and meaningful to a broader audience. By illustrating patterns, impacts, and implications through stories, visuals, and examples, data storytelling helps people grasp the significance of economic data—like inflation rates, employment statistics, or consumer behavior—and understand how these factors affect their lives and society as a whole. It transforms raw numbers into stories that inform and motivate informed decisions.