The world is in an Economic Condition. The unemployment rate is increasing and the inflation rates are up. The unemployment rate is the percentage of people without jobs who are looking for work. Inflation rate is the percentage rise in price of consumer goods and services over a period of timeThere's no one answer to this question - the state of an economy can depend on a huge range of factors, from natural resources to government policy. However, most economists would agree that there are three key indicators of economic health: GDP (or total economic output), unemployment rate, and inflation rate.Let's take a look at how each of these is doing in the United States today. First off, GDP growth has been slow for the past few years - it was just 1.5% in 2016. The unemployment rate is currently 4.4%, which is low but not as low as it could be - economists generally consider anything below 5% to be full employment. And finally, inflation has been creeping up recently and was 2% in 2017.So overall, while things aren't perfect, the US economy is still doing relatively well compared to other countries around the world. There are some concerns about future growth prospects and rising interest rates, but for now most people seem optimistic about America's economic future.
