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Username: Maria Rating:  Asked to: Talitha Taslim Date Created: 13 Jan 2016 |
| Category | 28 |
| Tag | Financial |
| Question | Hard landing: what is it? |
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Hello Maria, An economic state wherein the economy is slowing down sharply or is tipped into outright recession after a period of rapid growth, due to government attempts to rein in inflation. A hard landing may be the undesirable consequence of efforts by a nation's central bank to tighten monetary policy, so as to slow down growth and keep inflation in check. While a soft landing is generally the objective of such tightening measures, a hard landing may be the occasional - and unfortunate - result. |
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