Can recession be prevented?
There’s no surefire way to prevent a recession, but there are certain things that can be done to lessen the likelihood of one occurring. For example, policymakers can aim to keep inflation in check and maintain stable economic growth. They can also take steps to reduce imbalances in trade and investment.
In addition, individuals and businesses can do their part to prepare for a potential recession. This might involve building up cash reserves, diversifying investments, and generally trying to stay financially disciplined. Of course, even if all of these precautions are taken, there’s still no guarantee that a recession won’t happen. But taking them can help make tough times a little bit easier to weather.
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