Economic Crisis Response

Economic crisis response involves government and central bank actions to stabilize the economy during periods of severe downturn. This can include measures such as lowering interest rates to encourage borrowing and spending, increasing public spending on infrastructure or social programs, and providing financial support to banks and businesses to prevent collapses. The goal is to restore confidence, protect jobs, and promote growth, helping the economy recover from recession or financial instability. These strategies aim to balance short-term relief with long-term stability to minimize overall economic damage.