Economic mismanagement

Economic mismanagement occurs when a country's government mishandles its financial policies, leading to problems like high inflation, rising unemployment, or declining economic growth. This can happen through poor decision-making, excessive borrowing, inefficient spending, or failure to implement effective reforms. The result is a loss of confidence among investors and citizens, which can weaken the economy, reduce living standards, and create instability. Essentially, it’s a failure to properly oversee and guide the nation’s economic resources and policies, undermining long-term economic health and development.