The world is no stranger to economic crises. But no two crises are the same. A glance at human history shows that our past is filled with many instances of financial and economic stress. These crises have taken different forms, as the spark that ignited them differs each time. Yet, the common thread that binds these crises together is the resilience of the human spirit. Despite the numerous casualties resulting from these events, our lives have carried on, albeit with some lingering after-effects. Governments and central banks have become more proactive in stimulating the economy and buffering companies that are suffering from financial stress. And through time, the world has managed to progress despite these challenges and obstacles.

The regularity of crises

In the last two decades alone, the world has been rocked by three financial crises and stock market crashes. That equates to an average of one crisis every six to seven years....