Economic events are significant occurrences that impact the economy, such as changes in interest rates, unemployment rates, or inflation. These events can influence how businesses operate, how consumers spend their money, and overall economic growth. For example, a rise in unemployment can lead to decreased consumer spending, which may slow down economic activity. Another important type of economic event is a financial crisis, which can result from various factors like excessive debt or market speculation. Such crises can lead to widespread bank failures and a loss of consumer confidence, affecting both local and global economies. Understanding these events helps individuals and businesses make informed financial decisions.