2. Cyclical Economic Downturns and Recoveries
Historical events like the Great Depression, 1970s stagflation, and the 2008 recession demonstrate the recurring nature of economic crises. With rising debt and inflation, a downturn is likely, but history suggests resilience and recovery. Policymakers now have more tools, but cycles persist. For more insights, refer to the International Monetary Fund’s World Economic Outlook. (imf.org)
