Economic Performance
Economic performance refers to how well an economy is doing, often measured by indicators such as Gross Domestic Product (GDP), unemployment rates, and inflation. A strong economic performance typically indicates growth, where businesses are thriving, jobs are plentiful, and consumers are spending.
Governments and policymakers analyze economic performance to make informed decisions. For instance, if GDP is rising, it may lead to increased investments in infrastructure or education. Conversely, poor economic performance can prompt interventions, such as stimulus packages or changes in monetary policy, to encourage growth and stability.