Part 7/13:
Broader macroeconomic concepts lay foundational knowledge for interpreting the business climate. The business cycle's phases—trough, expansion, peak, and contraction—characterize the economic landscape and influence decision-making for businesses and investors alike. The course elaborates on significant indicators including gross domestic product (GDP), unemployment rates, and inflation, emphasizing the necessity to monitor these elements for informed business strategies.
Cyclical and defensive industries' performances vary across economic cycles, a concept invaluable for investors in assessing where to allocate capital.