Inflation measures general price increases in a country. Small inflation signals economic growth and adequate income. Excessive inflation reduces currency value and purchasing power
IMF publishes WEO twice yearly with updates between. Surveys global economy prospects and policies in near and medium term. Considers issues affecting advanced, emerging and developing economies
MNCs operate in at least two countries with headquarters in one. First multinationals were colonial enterprises like East India Company. Modern MNCs grew rapidly after World War II with trade liberalization
U.S. dollar is official currency of five U.S. territories and 11 foreign nations. Bretton Woods Agreement pegged foreign currencies to U.S. dollar in 1944. As of December 2022, 54.1 billion notes worth $2.3 trillion circulated
G8 formed in 1997 from Russia's inclusion in G7. Initially consisted of six founding members: France, Germany, Italy, Japan, UK, US. European Union joined as non-enumerated participant in 1980s. Presidency rotated annually among member states
Located on Hispaniola island in Caribbean Sea, sharing borders with Puerto Rico and Haiti. Second-largest country in Antilles with 11.4 million people (2024). Capital Santo Domingo has 3.6 million residents