economic turmoil

Economic turmoil refers to a period of significant instability in a country's economy, often characterized by high unemployment, inflation, declining investment, and market volatility. Factors like political unrest, financial crises, or natural disasters can trigger this instability. During such times, businesses may struggle to operate, consumers may face rising prices or job losses, and overall economic growth can stall. Governments and central banks often respond with measures to stabilize the economy, such as adjusting interest rates, implementing stimulus packages, or enacting regulatory changes, aiming to restore confidence and encourage recovery.