When the 2-year Treasury yield eclipsed the 10-year Treasury yield on July 5, 2022, it caught many investors' attention. The event – commonly dubbed a yield curve inversion – was largely viewed as a ...

Social protection expenditure refers to total program expenditure expressed as percentage of GDP. It includes spending on benefits and administrative costs; it also captures both recurrent and capital ...

Economists often use imperfect historical information to form opinions about the economy’s direction. We often don’t know we’re in a recession until it’s well underway—typically, the National Bureau ...

• An index that measures the percentage of households in a country deprived along three dimensions –monetary poverty, education, and basic infrastructure services – to capture a more complete picture ...