Economic Relief

Economic relief refers to actions and measures taken to stabilize and support individuals, businesses, and the economy during times of financial hardship or crisis. This includes financial assistance like stimulus payments, unemployment benefits, or loans to help people and companies manage expenses. The goal is to reduce economic stress, maintain employment, and prevent a deeper recession. Such relief efforts are often initiated by governments or central banks in response to events like economic downturns, natural disasters, or pandemics to promote recovery and protect livelihoods.