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Forecasting
The process of making predictions about the future based on past and present data, often used in planning and decision making.
Economic Downturn
A period of declining economic performance across a broad area, such as a country or multiple countries, characterized by reduced spending and increased unemployment.
Inflation Rate
The percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Contingency Planning
The process of preparing for unexpected events by developing strategies to address and mitigate risks.
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