A hard landing refers to a marked Economic_slowdown or downturn following a period of rapid growth. The term hard landing comes from aviation, where it refers to the kind of high-speed landing that—while not an actual crash—is a source of stress as well as potential damage and injury. The metaphor is used for high-flying economies that run into a sudden, sharp check on their growth, such as a monetary policy intervention meant to curb inflation. Economies that experience a hard landing often slip into a stagnant period or even recession. This results in a hard landing where slowing down or stopping expansionary macroeconomic policy can precipitate a stock market crash, financial crisis, or a collapse of investor confidence. These events can spiral into a general recession too quickly for policy makers to mount an effective defence due to recognition, response, and implementation lags in macroeconomic policy. The term hard landing has often been applied to China, which has enjoyed decades of preternaturally high gross domestic product growth rates that have set it up for a hard landing.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.

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