majandussurutuste
Majandussurutised, often translated as economic downturns or recessions, refer to periods when an economy experiences a significant decline in economic activity. This decline is typically characterized by a contraction in gross domestic product (GDP) for at least two consecutive quarters, although broader definitions may also consider factors like rising unemployment, falling consumer spending, and reduced industrial production. Majandussurutised can vary in severity and duration, ranging from mild contractions to severe depressions.
The causes of majandussurutised are multifaceted and can include factors such as asset bubbles bursting, financial