Inflation has slowed significantly and growth of the nation's gross domestic product has remained solid, but some economists still expect a mild recession this year. How could a modest downturn happen ...

Discover what basic balance means in economics, its role in balance of payments, and how it helps evaluate a country's inflow and outflow trends effectively.

In business, practical experience usually outshines theoretical knowledge by a wide margin. However, this doesn't mean that ignorance is an asset. Economic concepts could serve as useful mental models ...