Economic Downturns

An economic downturn is a period when the economy slows down significantly, often marked by lower growth, rising unemployment, and reduced spending by consumers and businesses. It can result from various factors like falling demand, financial crises, or external shocks. During this time, people may have less money, businesses may cut jobs or postpone investments, and overall economic activity decreases. While it can be challenging, downturns are also temporary and often lead to eventual recovery as conditions improve and growth resumes.