economic stimulus packages

Economic stimulus packages are government measures designed to stimulate economic activity during times of recession or financial crisis. These packages often include direct financial support to individuals, businesses, and industries, such as stimulus checks, tax cuts, loans, and grants. The goal of an economic stimulus package is to boost consumer spending, create jobs, and promote economic recovery. Stimulus packages play a critical role in helping economies rebound from economic downturns, like the COVID-19 pandemic, by providing much-needed financial relief and stability.