economic-indicators

Vocabulary Word

Definition

'Economic indicators' are stats or info that show the state of a country's economy. These numbers and data can tell us if the economy is healthy, struggling, or somewhere in between.

Examples in Different Contexts

In business planning, 'economic indicators' inform businesses about the current and future economic environment, influencing strategic planning. A business strategist might state, 'Economic indicators are critical for our long-term planning, allowing us to anticipate market shifts and adapt accordingly.'

Practice Scenarios

Investment

Scenario:

The investment landscape looks promising with a surge in the industrial output index and positive consumer demand indicators.

Response:

I agree, the positive economic indicators are indeed making the consumer goods sector a promising investment opportunity.

Banking

Scenario:

The stability in our economy, reflected in various indicators, might lead to a review of our current lending rates.

Response:

Agreed. The current economic indicators give us a reason to reconsider our financial policies.