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How is New York City addressing global economic challenges, such as inflation or recession?
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New York City addresses global economic challenges through policy measures, innovation, and diversification. During economic downturns, the city government has implemented stimulus packages and supported job creation through infrastructure projects. The tech industry has also played a role in stabilizing the economy by attracting investments and jobs. To combat inflation, NYC has focused on affordable housing initiatives and expanding social services, while also maintaining its status as a global financial center to buffer against economic fluctuations.
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