economic narrative

An economic narrative is the story or framework that people use to understand economic events, trends, and policies. It encompasses the beliefs, assumptions, and interpretations about how economies function, including concepts like growth, inflation, and trade. These narratives shape public perception and influence decision-making by governments, businesses, and individuals. For example, one prevailing narrative might emphasize the importance of innovation for economic growth, while another may focus on the risks of economic inequality. Ultimately, economic narratives help contextualize complex data and guide discussions about economic challenges and opportunities.