Economic Resilience

Economic resilience refers to the ability of an economy to anticipate, prepare for, respond to, and recover from adverse events, such as financial crises, natural disasters, or significant changes in global markets. A resilient economy can maintain essential functions, adapt to challenges, and regain stability over time. Factors contributing to economic resilience include a diverse economic base, strong institutions, effective governance, access to information, and community cohesion. By fostering these traits, regions and nations can better withstand shocks and ensure long-term growth and stability.