Definition of Economic Crisis

Crisis Management (Contingency Planning)
Knowledge Center

 

Next Topic

Crisis Management (Contingency Planning) > Best Practices > Definition of Economic Crisis

Definition of Economic Crisis
JOMON JOY
What precisely is the definition of an Economic crisis? (...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


  Definition of Economic Crisis
CEO Business Management Solutions, Consultant, United States, Member
  Sometimes it stems from the greed from financial institutions, lenders etc…, which creates a depression or setback in the economy. Then you have things going on such a long term and continuous increase in unemployment, slow growth in economic activity, a decline in the Gross Domestic Product (GDP) for 2 or more consecutive quarters, continuous and steady low prices, low levels of trade and investments.
If these phenomena continue over a long, steady period of time the situation is considered a recession, depression or economic crisis.

  Economic Crisis versus Financial Crisis
twagirayesu celestin, Student (University), Rwanda, Member
  Thank you for this good definition. I an still a bit confused about the difference between an economic crisis and a financial crisis. Especially their causes.

   
Special Interest Group Leader
Michael Norris
Director

Crisis Management (Contingency Planning)
Summary
Forum
7 Key Challenges of Crisis Leadership
🔥Coronavirus disease (COVID-19): What Can You Do?
Measures by Companies Against the Covid-19 / Corona Virus
Best Practices
🥇Types of Crises: Sudden / Smoldering
🥈Win the race to disclosure
🥉Strategy versus Risk and Crisis Management
What Managerial Competencies are Required to Tackle an Organizational Crisis?
Common Errors Leaders Make during Crises
Statistics on Business Continuity
Why Contingency Planning? Importance and Benefits
How to Deal with Crises Situations in an Organisation
Execution in Crisis Management
How to deal with the Media in a Crisis?
Crisisology as a Discipline
GIS Emergency Management
Why did Nobody Prepare for the Current Crisis?
Definition of Economic Crisis
Combine Contingency Planning with SWOT Analysis
How Often Should Contingency Planning Be Performed? Frequency
International Association of Emergency Managers
Steps in Case of a Product Quality Crisis
Preparing Execution of Contingency Plan
Understanding Scenarios and Consequences in Contingency Planning
How to Develop an Exercise Program for the Emergency Plan?
Crisis Management Software


Crisis Management (Contingency Planning)
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2020 12manage - The Executive Fast Track. V15.5 - Last updated: 30-5-2020. All names ™ of their owners.