Аннотация:Economic crises have been an ongoing concern for both developed and developing economies throughout history. They can arise suddenly and have catastrophic consequences for individuals, businesses, and sometimes entire nations. In this article, we explore the nature of economic crises and the various strategies used by policymakers to manage them. This article explores the impact of economic crises and the strategies employed in crisis management. It argues that effective crisis management is critical to mitigating the adverse effects of economic crises on communities and economies. Finally, the article concludes that while it is difficult to prevent economic crises from occurring, effective crisis management can significantly reduce their effects and aid in the recovery process.