{"id":10818,"date":"2025-05-07T01:00:00","date_gmt":"2025-05-07T01:00:00","guid":{"rendered":"https:\/\/engoo.com\/blog\/?p=10818"},"modified":"2025-04-30T04:08:13","modified_gmt":"2025-04-30T04:08:13","slug":"economy-english","status":"publish","type":"post","link":"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/","title":{"rendered":"How to Talk About the Economy in English"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Everyday_Words_and_Phrases_for_Discussing_the_Economy\" >Everyday Words and Phrases for Discussing the Economy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Necessities\" >Necessities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Non-essential_purchases\" >Non-essential purchase(s)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Disposable_income\" >Disposable income<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Staple\" >Staple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Recession\" >Recession<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Depression\" >Depression<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Hike\" >Hike<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Soar\" >Soar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Purchasing_power\" >Purchasing power<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Pass_alongonto_consumers\" >Pass along\/onto (consumers)&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Budget\" >Budget<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Cost_of_living\" >Cost of living<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Uncertainty\" >Uncertainty<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/#Wrap-up\" >Wrap-up<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>It's common these days to see many news stories about the local and global economy. Unfortunately, it's often because prices are going up!&nbsp;<\/p>\n\n\n\n<p>This article will explain some common English words and phrases you'll read and hear relating to the economy and people's financial situations.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Everyday_Words_and_Phrases_for_Discussing_the_Economy\"><\/span><strong>Everyday Words and Phrases for Discussing the Economy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Necessities\"><\/span><strong>Necessities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"685\" src=\"https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10082250\/economy_english_1-1-1024x685.jpg\" alt=\"An aisle in a supermarket, with shelves stacked with products\" class=\"wp-image-10828\" srcset=\"https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10082250\/economy_english_1-1-1024x685.jpg 1024w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10082250\/economy_english_1-1-300x201.jpg 300w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10082250\/economy_english_1-1-768x514.jpg 768w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10082250\/economy_english_1-1-420x280.jpg 420w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Since this word is related to \"necessary,\" perhaps you can guess that it refers to essential items everyone needs \u2014 things like food, clothing and <a href=\"https:\/\/engoo.com\/app\/words\/word\/shelter\/mHhltCXvQcakrQW6BIzLew\" target=\"_blank\" rel=\"noreferrer noopener\">shelter<\/a>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>You should take care of <strong>necessities<\/strong> before spending money on things like entertainment.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Non-essential_purchases\"><\/span><strong>Non-essential purchase(s)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\"Non-essential purchases\" are the opposite of necessities \u2014&nbsp;they are things that are not needed to live.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>When people have less<strong> <\/strong>money to spend, <strong>non-essential purchases<\/strong>, such as subscriptions to streaming services, are often the first things they cancel.\u00a0<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disposable_income\"><\/span><strong>Disposable income<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\"Disposable\" is an adjective describing something that can be thrown away. It's often used for items that can be used once, like disposable cameras and disposable shaving razors.<\/p>\n\n\n\n<p>When talking about the economy, \"disposable income\" is money people have to spend on things that aren't essential to daily living.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>I love visiting foreign countries, so I spend most of my <strong>disposable income<\/strong> on travel.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Staple\"><\/span><strong>Staple<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081830\/economy_english_2-1024x683.jpg\" alt=\"Many brown eggs\" class=\"wp-image-10824\" srcset=\"https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081830\/economy_english_2-1024x683.jpg 1024w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081830\/economy_english_2-300x200.jpg 300w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081830\/economy_english_2-768x512.jpg 768w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081830\/economy_english_2-420x280.jpg 420w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081830\/economy_english_2-840x560.jpg 840w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\"Staple\" is another word for \"necessity,\" though it usually only describes basic foods like bread, milk and eggs.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Due to inflation, shoppers have seen the prices of <strong>staples<\/strong> rise sharply in recent months.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recession\"><\/span><strong>Recession<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A <a href=\"https:\/\/engoo.com\/app\/words\/word\/recession\/zga0ELstQmCjlQAAAAAXdA\" target=\"_blank\" rel=\"noreferrer noopener\">recession<\/a> is a \"period of temporary economic decline.\" In other words, it's a short time when the economy isn't healthy. This comes from the verb \"recede,\" which means \"to slowly move backwards.\"<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Fear of a <strong>recession<\/strong> is causing people to spend their money more carefully.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Strong public spending is a sign that a <strong>recession<\/strong> may be ending.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Depression\"><\/span><strong>Depression<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When a bad economic situation continues for a long time, it changes from a \"recession\" to a \"depression.\"<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The Great <strong>Depression<\/strong>, which lasted from 1929 to 1939, had a major impact on many countries around the world.\u00a0<\/p>\n<\/blockquote>\n\n\n\n<p>(Of course, \"depression\" can also refer to an emotional state of deep sadness. If someone you know is depressed, you should <a href=\"https:\/\/engoo.com\/blog\/language-tips\/how-to-tell-someone-you-support-them-in-english\/\" target=\"_blank\" rel=\"noreferrer noopener\">offer them your support<\/a>.)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hike\"><\/span><strong>Hike<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When you hear this word, you might think of a walk through a forest or up a mountain, but \"hike\" also has another meaning&nbsp;\u2014 a \"hike\" in prices means the prices go up.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Due to a rise in supply costs, the company announced a price <strong>hike<\/strong> to go into effect next month.<\/p>\n<\/blockquote>\n\n\n\n<p>\"Hike up\" is used as a phrasal verb.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>My local grocery store<strong> hiked up<\/strong> the prices of all fruits and vegetables last week.<\/p>\n<\/blockquote>\n\n\n\n<p><em>Related article: <a href=\"https:\/\/engoo.com\/blog\/language-tips\/phrasal-verbs\/\" target=\"_blank\" rel=\"noreferrer noopener\">New to Phrasal Verbs? Start Here!<\/a><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Soar\"><\/span><strong>Soar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081851\/economy_english_3-1024x768.jpg\" alt=\"A car fueling up at a gas station\" class=\"wp-image-10825\" srcset=\"https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081851\/economy_english_3-1024x768.jpg 1024w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081851\/economy_english_3-300x225.jpg 300w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081851\/economy_english_3-768x576.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The basic meaning of \"soar\" is \"to fly.\"<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The jet <strong>soared<\/strong> through the sky at incredible speed.<\/p>\n<\/blockquote>\n\n\n\n<p>But things like popularity, followers on <a href=\"https:\/\/engoo.com\/blog\/language-tips\/what-k-and-m-mean-on-social-media\/\" target=\"_blank\" rel=\"noreferrer noopener\">social media<\/a> and even prices can \"soar\" as well. In these cases, it means \"to rise dramatically.\"<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Gasoline prices have <strong>soared<\/strong> over the last 12 months.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Purchasing_power\"><\/span><strong>Purchasing power<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\"Purchasing power\" is how much people are able to buy with their money. This term usually refers to large groups of people instead of individuals.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>In some developing countries, the <strong>purchasing power<\/strong> of the population is slowly increasing.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>High <a href=\"https:\/\/engoo.com\/app\/words\/word\/inflation\/zga0ELstQmCjlQAAAABkiw\">inflation<\/a> leads to less <strong>purchasing power<\/strong> for consumers.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pass_alongonto_consumers\"><\/span><strong>Pass along\/onto (consumers)&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When it costs a business more money to provide a product or service, it might be necessary for it to raise the prices it charges customers. In cases like these, we say that the business is \"passing along\" the higher cost to buyers.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Businesses are trying new strategies to avoid <strong>passing rising costs onto<\/strong> their customers.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Budget\"><\/span><strong>Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081904\/economy_english_4-1024x683.jpg\" alt=\"A couple looking over documents with a calculator and piggy bank on a table\" class=\"wp-image-10826\" srcset=\"https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081904\/economy_english_4-1024x683.jpg 1024w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081904\/economy_english_4-300x200.jpg 300w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081904\/economy_english_4-768x512.jpg 768w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081904\/economy_english_4-420x280.jpg 420w, https:\/\/assets.blog.engoo.com\/wp-content\/uploads\/sites\/9\/2025\/03\/10081904\/economy_english_4-840x560.jpg 840w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\"Budget\" is both a noun and a verb.<\/p>\n\n\n\n<p>As a noun, it refers to a plan that specifies how much money a person or organization is able to spend.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The manager has to approve our division's <strong>budget<\/strong> for the year.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>When our son was born, my wife and I had to make big changes to our household <strong>budget<\/strong>.<\/p>\n<\/blockquote>\n\n\n\n<p>If something is not affordable, we say that it's not \"in the budget.\"<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>A new TV<strong> isn't in my<\/strong> <strong>budget<\/strong> right now, unfortunately.<\/p>\n<\/blockquote>\n\n\n\n<p>If there isn't much money available to spend, we say that a budget is \"tight.\"<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>I'm on a very <strong>tight budget<\/strong> until I find a new job.<\/p>\n<\/blockquote>\n\n\n\n<p>As a verb, \"budget\" refers to using money for a specific purpose.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The company is <strong>budgeting<\/strong> a big portion of money for its marketing strategy.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cost_of_living\"><\/span><strong>Cost of living<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\"Cost of living\" (sometimes shortened to \"CoL\") refers to how much money is needed for basic things like housing, food and transportation in a particular area.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Before moving to Spain, I did a lot of research on the <strong>cost of living<\/strong> there.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Major cities like <a href=\"https:\/\/engoo.com\/blog\/travel-fun\/big-apples-and-big-shoulders-nicknames-for-8-us-cities\/\">New York<\/a> and London often have a much higher <strong>cost of living<\/strong> than smaller areas.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Uncertainty\"><\/span><strong>Uncertainty<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When you're uncertain about something, it means you don't completely know or understand it.<\/p>\n\n\n\n<p>The noun form \"uncertainty\" is often used when talking about an economic situation that makes people confused and worried about what will happen.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Because of the economic <strong>uncertainty<\/strong>, shoppers are spending less money on things like movies and <a href=\"https:\/\/engoo.com\/app\/role-play#NO7nMX3SZyLw_Udttf8WIw\">eating out<\/a>.\u00a0<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wrap-up\"><\/span><strong>Wrap-up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Many people would agree that along with good <a href=\"https:\/\/engoo.com\/blog\/language-tips\/english-phrases-to-say-when-someone-is-sick\/\" target=\"_blank\" rel=\"noreferrer noopener\">health<\/a>, strong finances are important for a comfortable life. However, global events can have a big impact on how much money people have and how much that money can buy.<\/p>\n\n\n\n<p>Whether you're reading about the economy in the news or discussing finances with others, you'll be more prepared after learning this list of vocabulary.<\/p>\n\n\n\n<p>If you'd like to discuss money topics in a real conversation, <a href=\"https:\/\/engoo.com\/tutors?v=1\" target=\"_blank\" rel=\"noreferrer noopener\">search for an Engoo tutor<\/a> with expertise by typing \"economy\" in the search bar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It's common these days to see many news stories about the local and global economy. Unfortunately, it's often because prices are going up!&nbsp; This article will explain some common English words and phrases you'll read...<\/p>\n","protected":false},"author":432,"featured_media":10821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"unified_meta_tagline_field":"","footnotes":""},"categories":[8,6],"tags":[17],"class_list":["post-10818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-work","category-language-tips","tag-vocabulary"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Talk About the Economy in English | Engoo Blog<\/title>\n<meta name=\"description\" content=\"Economic news continues to be a big story around the world. Do you know the essential English words and phrases for talking about it?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/engoo.com\/blog\/language-tips\/economy-english\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Talk About the Economy in English | Engoo Blog\" \/>\n<meta property=\"og:description\" content=\"Economic news continues to be a big story around the world. 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