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171 results found for "economy"

  • Falling Birth Rates and the Global Economy – Challenges & Opportunities

    North America, fertility rates are dipping below replacement levels, raising concerns about long-term economic While the conversation often focuses on social or cultural implications, the economic ripple effects Slower Economic Growth Economic growth often relies on a balance between consumption and production. The global economy is entering an era where falling birth rates  will shape labor markets, consumption #EconomyUpdate #FallingBirth _ Daily Growth Insights

  • The Global Economy Forecast 2026: What Businesses Should Prepare For

    A Shifting Economic Landscape As we approach 2026, the global economy forecast  shows signs of cautious Bank and IMF projections, global GDP growth is expected to stabilize around 2.8–3.0% , with developing economies In short, businesses must prepare for a multi-speed global economy  — one where innovation, agility, Preparing for the 2026 Business Landscape To stay competitive in the evolving global economy, businesses The global economy forecast for 2026  paints a picture of transformation rather than turbulence.

  • Inflation Hits Six-Year Low: Impact on the Philippines Economy

    In a surprising economic turn, the Philippines economy  experienced its lowest inflation rate in nearly This could increase pressure on the BSP to lower interest rates  in the coming months to stimulate economic encouraging, the central bank must weigh global risks and domestic demand before shifting policy,” one economic What Lies Ahead Despite this positive inflation data, the broader outlook for the Philippines economy

  • Asia’s Experience Economy Is Back: How Tourism Is Evolving in 2025

    It’s the rise of the experience economy , where tourists aren’t just booking trips—they’re chasing meaning Thailand Participating in Shinto rituals in rural Japan This shift presents new opportunities for local economies "Spotlight: Countries Leading the Experience Economy" Thailand Booming niches: Spiritual retreats, wellness Why it works: Affordable, safe, and rich in untouched cultural assets "Looking Ahead: The Experience Economy

  • Solo Economy Living – How Global Economic Issues Drive the Rise of Single-Person Households

    What’s Solo Economy Living? The Solo Economy  refers to the growing market and lifestyle trend centered around single-person households The rise of the Solo Economy is deeply connected to global economic challenges : Rising Housing Costs Global Impact of the Solo Economy The Solo Economy is no longer just a regional trend; it’s transforming The Solo Economy highlights how people adapt to survive and thrive despite global economic uncertainty

  • Zomato Updates: Gig Economy Scrutiny Raises Questions on Worker Rights and Corporate Practices

    India’s largest food delivery platforms, has found itself at the center of a growing debate around gig economy argue that the reported scale of delivery partner terminations reflects deeper problems within the gig economy A Wider Gig Economy Debate The controversy surrounding Zomato reflects a global conversation about gig As the gig economy continues to grow, the challenge will be creating systems that reward flexibility of this debate could shape not only Zomato’s future, but also the standards applied across the gig economy

  • Bank of England Cuts Interest Rates to 3.75% as UK Economy Shows Signs of Strain

    The move reflects growing concerns over a slowing economy and easing inflationary pressures—while sending Why the Bank of England Cut Rates After a prolonged period of tightening to combat inflation, the UK economy Consumer spending has softened, business investment remains cautious, and economic growth is losing momentum adjustments are crucial to sustaining growth without reigniting inflation—especially in interconnected economies The Bank of England’s decision to cut rates to 3.75% underscores a changing economic landscape.

  • The Attention Economy Under Scrutiny: FTC Workshop Tackles Tech’s Impact on Families and Children

    wellbeing, the Federal Trade Commission (FTC) convened a public workshop focused on the **"attention economy The FTC’s attention economy workshop signals a louder call for accountability in the digital space.

  • Money Mindset: Shifting from Scarcity to Abundance

    Money Mindset: From Scarcity to Abundance Your financial reality is often shaped as much by your thoughts as it is by your actions. A scarcity mindset  focuses on lack, fear, and limitation, while an abundance mindset  embraces opportunity, growth, and prosperity. Shifting your mindset can transform how you approach money, career, and life. Understanding Scarcity vs. Abundance Scarcity Mindset: Belief that there’s never enough—money, resources, or opportunities. Fear-driven decisions, like hoarding or avoiding risk. Constant comparison with others and anxiety about financial security. Abundance Mindset: Belief in possibilities and opportunities for growth. Confidence to invest in yourself, take calculated risks, and collaborate. Focus on gratitude, giving, and long-term wealth creation. As T. Harv Eker , author of Secrets of the Millionaire Mind , explains, our inner financial blueprint often determines external wealth. By recognizing limiting beliefs, you can consciously replace them with empowering ones. Steps to Shift Your Money Mindset Identify Limiting Beliefs > Write down your money-related thoughts. Do you believe money is scarce, or that you’ll never earn enough? Awareness is the first step to change. Practice Gratitude for What You Have > Focusing on abundance begins with appreciating what’s already in your life. This shifts attention from lack to potential. Invest in Your Growth > Learn new skills, attend workshops, or hire mentors. Growth-oriented actions reinforce an abundance mindset. Surround Yourself with Abundance Thinkers > Engage with communities, leaders, and peers who encourage growth and success. Avoid negative financial conversations that reinforce fear. Give and Share > Generosity amplifies abundance. Donating, mentoring, or collaborating helps your mind see resources as infinite, not limited. Books and Resources to Cultivate Abundance Secrets of the Millionaire Mind  – T. Harv Eker The Science of Getting Rich  – Wallace D. Wattles You Are a Badass at Making Money  – Jen Sincero These books guide you in identifying scarcity habits and rewiring your brain for financial success. Shifting from a scarcity mindset to one of abundance isn’t just about money—it’s about how you see opportunity, risk, and value in your life. By cultivating awareness, practicing gratitude, investing in growth, and embracing generosity, you can transform your financial reality and unlock lasting prosperity. #MoneyMindset _ Daily Growth Insights

  • Sunday Money Review: A Simple Weekly Habit for Financial Clarity

    Creative Economics: Making Money Personal Money is deeply personal.

  • The Psychology of Spending: Why We Buy What We Buy

    Why do we buy things we don’t truly need? Why do some purchases feel rewarding while others make us regretful? The truth is, spending is rarely a purely logical decision—most of our choices are deeply influenced by psychology. From emotional needs to social influence and even clever marketing tactics, understanding the psychology of spending can help you gain control of your finances and reshape your relationship with money. 1. The Emotional Triggers Behind Every Purchase Most spending decisions are emotional first, rational second.We buy things because they make us feel: Comforted (buying snacks after a stressful day) Confident (new clothes before an important event) Rewarded (impulse shopping after a good week) Secure (insurance, premium options, extended warranties) Marketers know this well, which is why advertisements often focus on feelings, not product features. Example: You don’t buy perfume—you buy confidence.You don't buy a new phone—you buy a sense of belonging, convenience, or status. 2. Social Influence: We Buy to Belong Humans naturally want to fit in.That’s why trends spread quickly—once our friends or favorite influencers use a product, it suddenly becomes more appealing. This is called social proof , and it strongly affects: Fashion purchases Tech gadgets Travel choices Food and lifestyle trends Even reviews serve as social proof—people trust what others say more than what brands say. 3. Convenience Drives Spending More Than Price Consumers often choose convenience over cost. That’s why apps like Grab, GoJek, DoorDash, or Uber thrive.Paying extra is justified because it saves time, reduces effort, or avoids stress. Brands understand this and design everything to be easier: One-click checkout Auto-renew subscriptions “Buy now, pay later” options Convenience feels harmless—but it silently increases spending. 4. The “Scarcity Effect” Makes Us Buy Faster Ever bought something because the promo said: “Limited edition” “Only 2 left” “Sale ends tonight” This taps into the fear of missing out (FOMO) —a powerful psychological driver.Scarcity creates urgency, making people act faster and think less critically. 5. The Identity Effect: We Buy Who We Want to Be People spend in ways that reinforce who they believe they are—or who they want to become. Examples: A fitness enthusiast buys premium supplements. A young professional invests in stylish workwear. A minimalist buys fewer, higher-quality items. A content creator invests in better gadgets. Spending becomes a form of self-expression . 6. How to Take Control of Your Spending Psychology Here are practical strategies to manage your money more consciously: ✔ Identify your emotional spending triggers Write down what you feel before making impulse purchases. ✔ Delay non-essential purchases by 24 hours This breaks emotional buying patterns. ✔ Create buying rules For example:“If I don’t love it, I won’t buy it.” ✔ Remove friction Delete saved cards, unsubscribe from promo emails, and turn off notifications. ✔ Spend based on values, not moods Ask yourself:“Does this align with who I want to be?” Understanding why we buy is the first step in mastering our spending habits.The psychology of spending reveals that our money choices are shaped by emotions, identity, convenience, and social influence. When we become aware of these triggers, we gain control—allowing us to spend more intentionally and build a healthier relationship with money. If you want to explore more about consumer behavior or make smarter financial decisions, this is the perfect place to start. #ConsumerBehavior _ Daily Growth Insights

  • Finance 101: How to Build Wealth in Your 20s

    Today’s economy rewards creativity — side hustles, freelance gigs, digital skills, and online businesses

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