Özgür Özkök
Economic impact refers to the influence or effect that a particular event, policy, project, or industry has on the economy, encompassing factors such as employment, income, production, and overall economic growth or contraction within a specific region or country.
The year 2023 witnessed the downfall of several renowned companies, marking a tumultuous period in the business world. From coworking spaces to retail giants, these bankruptcies reflect the challenging economic landscape and evolving consumer behaviors. These bankruptcies serve as a helpful reminder of how important financial stability and flexibility are […]
The Internet of Things (IoT) has grown from an exciting concept to a paradigm-changing how individuals and businesses operate in the 21st Century. It is based on connecting IP-capable devices so they can communicate in various ways. They range from automated industrial assembly lines to intelligent appliances that promise to make life […]
The tech industry has recently seen a wave of layoffs, with companies such as Affirm, Google, Alphabet, Meta, and IBM cutting thousands of jobs. According to data compiled by Layoffs, 297 tech companies laid off nearly 95,000 workers in 2022. If this trend continues, the industry could cut more than […]
Economists define a recession as two consecutive quarters of decline in the gross domestic product (GDP). The media defines it as anything that has tragic newsworthiness. Politicians only see recession when the other party is in power. Restating an old joke is a slowdown when your neighbor loses his job. […]
As some restaurants consider shutting down due to staffing shortages, the social experience of going out to eat may become harder to come by. Despite fears of a slowing economy driven by rising inflation and interest rates, the War for Talent still rages in the U.S. There are more than […]