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Economic crises have been an ongoing concern for both developed and developing economies throughout history. They can arise suddenly and have catastrophic consequences for individuals, businesses, and entire nations. We explore the nature of economic crises and the various strategies used by policymakers to manage them,explore the impact of economic crises and the strategies employed in crisis management. This work argues that effective crisis management is critical to mitigating the adverse effects of economic crises on communities and economies.
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