It is not like weather change/ seasonal change of climate. The Greek work ‘ikonomio’ or Economics is only relating to management of resource.

So it cannot be an economic cycle. It is only a failure in management of the Government of a country.

Perhaps that country may impact other countries that do involve in trade and commerce.

Say Australia is impacted by America’s inflation/recession. Australia will claim it as economic cycle.

Still it is the poor management of Australia (as it depends heavily on America).