The finances are as follows

An economic cycle is a periodic repetition of boom and bust years in an economy. It consists of the following phases: crisis, depression, recovery, and boom.

Crisis (recession) - ends the previous periodic cycle and is the beginning of the next one. It is characterised by difficulties in selling manufactured products, a reduction in production, an increase in demand for liquidity (cash), and an increase in the lending rate. Panic in the securities market, stock prices fall rapidly. Firms, especially small ones, close and go bankrupt. A downturn (recession) is characterised by a decline in production and a decline in business and investment activity. As a result, unemployment increases. Officially, a recession is a decline in business activity that lasts for more than three consecutive months. Depression is a phase of the cycle characterised by stagnant production. Reproduction is simple. The national product is no longer declining, but it is no longer growing, and the interest rate falls to its minimum value. Aggregate demand is growing and conditions are being prepared for the revival of production and commercial activity. Recovery - there is an increase in business activity, accompanied by an increase in industrial production and investment, a marked reduction in unemployment, higher personal income and corporate profits; Increased investment, which revives demand - first for capital goods, and then for consumer goods, as employment increases. The clearest sign of recovery is an increase in effective demand. Therefore.