An economic forecast is an estimate or prediction about the future performance of an economy based on various indicators, trends, and statistical models. It typically includes projections of key economic variables such as gross domestic product (GDP), inflation rates, unemployment rates, and consumer spending. Economic forecasts are used by governments, businesses, and financial institutions to make informed decisions regarding investments, policy-making, and resource allocation. These forecasts are grounded in historical data and current economic conditions, and they may be revised as new information becomes available. The goal of economic forecasting is to provide insights into future economic activity to better prepare for potential changes and challenges in the economic landscape.
**Market Trends for January 10-16: Bitcoin’s Resilience Amidst Change** The cryptocurrency landscape saw significant fluctuations leading up to the inauguration of President Trump, with Bitcoin demonstrating unexpected stability. After initial…