Macroeconomic factors are the broad economic elements that influence the overall economy of a country or region. These include indicators such as Gross Domestic Product (GDP), unemployment rates, inflation, and interest rates. These factors help economists and policymakers understand economic performance and make informed decisions. Changes in macroeconomic factors can impact businesses and consumers alike. For instance, high inflation can erode purchasing power, while low unemployment rates typically indicate a healthy job market. Monitoring these factors is essential for predicting economic trends and guiding fiscal and monetary policies.