So many factors influence the growth or decline of economies around the world. Some of such factors include:
1. Government policies
2. Infrastructural development
5. Indigenous production capacity
6. Demand and supply
These factors influence the economy of a country greatly that if they are not handled properly, they could lead to the decline of a country's economy. So economy can either experience growth or decline depending on how such an economy is managed
@Emrethewriter, In my opinion, we all know that no aspect is here with the permanent age so, everything is standing with perishable essence. So life is an movement and cycle, in my opinion what is created will be destroyed and something else will take place and recycled and we can say that only Change Is Constant.
Wishing you an great day and stay blessed. 🙂
You've seen economies take a downturn, so the answer is no.