Economic Consensus

Economic consensus refers to a general agreement among economists about how the economy functions and responds to various policies or events. It reflects shared views on issues like inflation, unemployment, and fiscal policy, often based on extensive research and analysis. While individual economists may have differing opinions, a consensus indicates a common understanding or approach that guides decision-making in government, business, and finance. This collective insight helps shape effective economic policies and strategies, aiming for stability and growth in the economy.