1.the condition of a country or region with regard to its wealth, trade,industry
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ECONOMICS MACROECONOMICS
Economic Conditions
By JAMES CHEN Reviewed by ROBERT C. KELLY Updated Nov 27, 2020
What Are Economic Conditions?
Economic conditions refer to the present state of the economy in a country or region. These conditions change over time along with the economic and business cycles, as an economy goes through periods of expansion and contraction. Economic conditions are considered to be sound or positive when an economy is expanding and are seen as adverse or negative when an economy is contracting.
Understanding Economic Conditions
A country's economic conditions are influenced by numerous macroeconomic and microeconomic factors, including monetary and fiscal policy, the state of the global economy, unemployment levels, productivity, exchange rates, inflation and many others.