An Economic Crisis refers to a significant decline in economic activity across the economy, lasting longer than a few months. It is often characterized by falling GDP, rising unemployment, and declining consumer confidence. Such crises can be triggered by various factors, including financial market instability, high inflation, or external shocks like a pandemic. During an economic crisis, businesses may struggle to survive, leading to layoffs and reduced spending. Governments often respond with stimulus measures to stabilize the economy, such as lowering interest rates or implementing fiscal policies. The effects can be long-lasting, impacting individuals and communities for years to come.