Economic Indicator Definitions
Unemployment (%)
Expected unemployment rate in the economic scenario, representing the percentage of the workforce that is unemployed.
Default (%)
Expected default rate for ISAs in this economic scenario, representing the percentage of contracts that fail to repay.
USD/X (%)
Annual appreciation rate of USD against the local currency. Positive values indicate USD strengthening, negative values indicate USD weakening.
Wages (%)
Annual nominal wage growth rate in local currency, representing the raw increase in wages before any currency or inflation adjustments.
USD Payments (%)
Combined annual growth rate for nominal USD cashflows. This represents local wage growth converted to USD without inflation adjustment. Formula: (1 + wage growth) ÷ (1 + USD appreciation) - 1.