The global economic crisis is a phenomenon that affects economic stability throughout the world. The impacts include rising unemployment, falling investment, and difficulties for small and medium-sized businesses. In order to understand this impact, let’s take a closer look. One of the most obvious impacts of the economic crisis is an increase in the unemployment rate. Many companies have been forced to lay off employees due to falling demand. According to recent reports, global unemployment could soar to 10%, creating serious challenges for many countries. In the short term, this causes social and economic uncertainty, which in turn reduces people’s purchasing power. Another impact is the decline in foreign investment. When uncertainty increases, investors tend to withdraw funds from markets that are considered risky due to gloomy growth prospects. This resulted in a crucial reduction in capital flows for developing countries, thereby slowing economic growth further. In addition, small and medium enterprises (SMEs) are experiencing great difficulties. Many of them depend on local demand. With people’s purchasing power decreasing, SMEs are forced to increase prices to survive, which actually reduces consumers further. This creates a vicious circle that is difficult to break, where SMEs have difficulty surviving and rehiring employees. Even though the impact of the global economic crisis is enormous, there are various solutions that can be implemented. First, governments in various countries need to increase social and economic support by providing direct cash assistance to citizens and subsidies to SMEs. This will help maintain people’s purchasing power in the midst of a crisis. Second, investment in technology and innovation is also important. The government can encourage the adoption of digital technology to help SMEs shift to new business models. This will open up new opportunities and expand their markets, even during a crisis. Third, international collaboration is the key to overcoming this crisis. Countries must work together to strengthen multilateral assistance, such as IMF programs and assistance from developed countries to developing countries. This is expected to accelerate global economic recovery. In addition, it is important to improve education and training for the workforce. The right upskilling programs now will reduce unemployment in the future and ensure that the workforce is ready for technology-based industries. By implementing this strategy, it is hoped that the global economic crisis can be overcome more effectively, providing hope and stability for people throughout the world.