Economic Crisis Management

Economic crisis management refers to the strategies and actions taken by governments and financial institutions to address and mitigate the effects of a significant downturn in the economy. This may involve using monetary policies, such as adjusting interest rates or providing liquidity to banks, and fiscal policies, such as increasing government spending or cutting taxes. The goal is to stabilize markets, restore confidence, and promote recovery. Effective crisis management aims to minimize unemployment, support struggling businesses, and protect citizens from the adverse effects of the crisis, ultimately steering the economy back towards growth and stability.