Definition ∞ An economic lifeline refers to critical financial support or assistance provided to individuals, businesses, or entire economies facing severe financial distress. This support aims to prevent collapse, stabilize operations, or facilitate recovery during challenging times. Such interventions can take various forms, including loans, grants, or stimulus packages. Its purpose is to sustain viability.
Context ∞ The concept of an economic lifeline is often discussed in news concerning government responses to recessions, natural disasters, or global health crises. In the context of digital assets, some argue that cryptocurrencies can offer a form of economic lifeline in regions experiencing hyperinflation or restricted access to traditional banking services. This perspective highlights crypto’s role in providing alternative financial rails.
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