This is the outline from the meeting of the Human Survival Authority, Department of Economic Stability and Financial Crisis on economic recession and downturn. The meeting was held at location M23 in fourth quarter, 2023.
I. Introduction
A. Definition and overview of economic recession and downturn
B. Importance of addressing the issue
II. Causes of economic recession and downturn
A. External factors
1. Global market instability
2. Trade wars or disruptions
3. Natural disasters or pandemics
B. Internal factors
1. Over-inflation or asset bubbles
2. High debt levels
3. Policy failures
III. Plan to fix economic recession and downturn
A. Short-term measures
1. Fiscal policy interventions
a. Increased government spending
b. Tax cuts or incentives for businesses
2. Monetary policy interventions
a. Interest rate cuts
b. Quantitative easing
3. Targeted industry support
a. Bailouts for critical sectors
b. Grants or subsidies for struggling businesses
B. Long-term measures
1. Structural reforms
a. Streamlining regulations
b. Encouraging entrepreneurship and innovation
c. Investing in infrastructure
2. Education and reskilling initiatives
a. Job training programs
b. Promoting lifelong learning
3. International collaboration and trade agreements
a. Strengthening relations with key trading partners
b. Expanding market access for domestic businesses
IV. Obstacles to implementing the plan
A. Political challenges
1. Opposition to government spending or interventions
2. Partisanship and gridlock
B. Economic challenges
1. Limited fiscal space or high debt levels
2. Inadequate monetary policy tools
3. Diverse economic interests and conflicts
C. Public perception and acceptance
1. Receptiveness to policy changes
2. Lack of trust in government or institutions
V. Dependencies for a successful recovery
A. Cooperation between government, industries, and citizens
B. Effective communication and transparency
C. Capacity building and execution capabilities
D. Global economic stability and favorable external conditions
VI. Conclusion
A. Recap of the importance of addressing economic recession and downturn
B. Emphasis on the need for proactive measures and collaboration
