alakäikude
Alakäikude is a Finnish term that translates to "downswing," "downturn," or "recession" in English. It refers to a period of economic decline characterized by a decrease in economic activity, often measured by a contraction in gross domestic product (GDP). This can manifest as falling production, rising unemployment, decreased consumer spending, and a decline in investment.
Economically, alakäikude can be triggered by various factors. These might include a sharp drop in demand for
The effects of an alakäikude are typically widespread. Businesses may face reduced profits, leading to layoffs