International Public Relations
Economic crises are severe disruptions in the economy that lead to significant downturns, characterized by high unemployment, reduced consumer spending, and declining business investment. These crises can arise from various factors such as financial market failures, geopolitical events, or systemic weaknesses in economic structures, often impacting multiple countries and regions, especially in multinational organizations where interconnectedness amplifies the effects.
congrats on reading the definition of economic crises. now let's actually learn it.