Thriving in Turbulent Times

Economic crises are inevitable because they are a natural part of the business cycle. The business cycle refers to the periodic upswings and downturns in economic activity that occur in any economy. During the upswing or expansion phase, economic growth is strong, and businesses thrive. However, eventually, the economy will reach a peak and begin to slow down, leading to a downturn or recession phase. This is where an economic crisis can occur.