The term "broader economy" refers to the overall state and condition of an economy, taking into account various factors such as inflation rates, employment levels, consumer spending, business investments, trade policies, government regulations, and other economic indicators. It is a more comprehensive view of how the economy is performing beyond just one sector or industry, providing insight into how different sectors are interconnected and impacting each other. The broader economy can also be influenced by external factors such as global events, natural disasters, political unrest, and technological advancements that affect various industries in different ways.