What is economics? Fundamentals and significance

W. P. Carey expert breaks down the complex relationship between the stock market, inflation, interest rates, and economic growth.

In this story published Mar. 11, 2025, on The Motley Fool:

Throughout history, various ‘shocks’ have led to recessions. Examples include oil price shocks, financial crises caused by banking problems, and, more recently, the unexpected COVID-19 pandemic, which required some restrictions on economic activities. These recessionary shocks typically result in a significant reduction in average disposable income.

– Domenico Ferraro, associate professor of economics