Trump Calls Australian PM Anthony Albanese 'A Very Fine Man' — What Did He Mean?

Suppose we want to ask whether a country’s economy is in trouble. It’s kind of like when someone gets sick — you start to notice warning signs.

First of all, a big problem is when many people lose their jobs and don’t have new jobs to go to. People don’t have money to spend.

Second, if the country buys more goods from other countries than it sells, it’s losing money.

Third, if the country makes less stuff such as food, clothing and cars, it means the economy is shrinking. That’s not good.

Fourth, people can’t afford as much if prices rise too fast. This is called inflation and it hurts everyone.

Fifth, if people and businesses feel nervous about the future, they stop spending and investing. That makes things worse.

Sixth, if the government owes too much money and can’t pay it back easily, it can lead to serious problems.

Seventh, if new businesses can’t start or grow, there won’t be new jobs or business ideas.

These are all warning signs. If several of them happen at the same time — like job losses, rising prices or less production — the economy might be in trouble. One problem leads to another, like falling dominoes. It shows the economy is heading in the wrong direction.