ECONOMIC CONDITIONS

Status of the economy within a region or country. Economic conditions change over time along with the economic and business cycle, as its goes through growth and recession. Economic conditions are considered sound or optimistic when expanding. Conversely, it is considered adverse or negative when contracting. Several macroeconomic and microeconomic factors affect a country’s economic conditions including monetary and fiscal policy, state of the global economy, productivity, unemployment data, inflation, and exchange rates.