In the midst of the Coronavirus pandemic, we find ourselves in the middle of a recession. Recessions are a cyclical part of the economy's boom-bust cycle, with some of the more prominent ones in 1933 (the Great Depression) and in 2008 (housing bubble crash). A recession is a fall in the GDP of a country or negative economic growth.
Usually, when countries go into a recession, the method of getting them out of recession is by passing stimulus, or having the government introducing more money into the economy in order to resuscitate the struggling industries. Governments can also cut interest rates or improve their fiscal policy in order to slow the decline of economic growth.
However, contrary to popular belief, recessions are inevitable. Even if the government could implement all of these different policies as a pre-measure to recessions, since a recession can be defined as any period of negative economic growth, periods of time after high economic growth are commonly labelled recessions.
It's important to see all of this in the bigger picture. While a recession seems bad in a nutshell, it generally symbolizes GDP growth. For instance, while the GDP of the US fell over half a trillion dollars in the 2008 recession, it quickly rebounded and rose a full trillion by 2011.
Even if we are seeing the impacts of the COVID recession now, it's something that we can certainly bounce back from in the future.
https://www.economicshelp.org/blog/236/recession/how-to-avoid-a-recession/
https://www.investopedia.com/ask/answers/032015/are-economic-recessions-inevitable.asp
https://www.thebalance.com/us-gdp-by-year-3305543
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