economic trends

Economic trends refer to patterns or changes in the economy over time, such as shifts in employment rates, consumer spending, inflation, and overall economic growth. These trends help us understand how businesses and consumers are behaving. For instance, during a recession, spending drops and unemployment rises, while in a booming economy, people tend to spend more and invest. By analyzing these trends, economists can make predictions and inform policy decisions to promote stability and growth, ultimately impacting our daily lives, from job opportunities to prices of goods and services.