The Role of Government Policies in Triggering Economic Downturns: A critical examination
The Role of Government Policies in Triggering Economic Downturns: A critical examination Read More »
An economic downturn is characterized by a sustained period of unfavorable economic conditions, marked by a fall in gross domestic product, increase in unemployment, and decline in the stock market. This state of economic depression broadens the income inequality in a nation and increases the poverty rate. It can be triggered by several factors, including stock market crashes, 10 inflation, interest rate increases, and slashed consumer confidence.