👉 In economics, a recollapsal refers to a situation where an economy experiences a significant contractionary change in its output or employment. This can occur when there is a sudden decrease in economic activity or when prices fall below their equilibrium level. The term "recollapsal" was coined by economist Robert Solow in the 1970s, and it has been used to describe various economic phenomena that can lead to a recession or depression. Recollapsals are often characterized by
