Economic calendars are important because they provide real-time updates on economic news and trends, allowing individuals to make more informed investment and spending decisions. These calendars are an essential tool for economists, traders and business professionals. alike. They can help businesses to anticipate changes in consumer demand and economic conditions, as well as plan more effectively for the future. Whether traders are interested in stocks or currencies, an economic calendar can help them stay ahead of big economic announcements and thus position them for better decision making.