Economic Stimulus Plan

An Economic Stimulus Plan is a government strategy designed to boost economic activity during times of slowdown or recession. It typically involves governments spending money or providing financial aid, such as tax cuts or direct payments to individuals and businesses, to increase consumer spending and investment. The goal is to create jobs, increase demand for goods and services, and help the economy recover more quickly. Essentially, it uses targeted financial support to encourage economic growth and stabilize markets during challenging periods.