periodic economic crises meaning in English

周期性经济危机

As a new economic phenomenon , knowledge economy has brought infinite hope to people while it has also triggered a chain of disputes as follows : whether the assertion that this is the knowledge economy ' s era is correct ; whether knowledge can become an independent productive element ; whether knowledge economy can tackle problems of periodic economic crises and inflation
作为一种新经济现象，知识经济在给人们带来无限希望的同时，也引发了一系列的争论：关于知识经济时代的断言能否成立、知识能否成为独立的生产要素、知识经济能否克服经济周期和通货膨胀等。