Leading international financial bodies have commenced preliminary actions in anticipation of a possible worldwide financial downturn. These preemptive steps involve a range of strategies designed to cushion the impact of any significant economic disruption. Key components of the preparatory phase include bolstering international cooperation on economic policy and refining mechanisms for early detection of systemic risks.

Central banks are actively reviewing monetary policy frameworks to identify potential vulnerabilities and optimize responses to liquidity shortages or market volatility. Stress tests are being conducted on major financial institutions to assess their resilience to adverse economic scenarios. These exercises are intended to pinpoint weaknesses in the financial system and guide regulatory adjustments.

Furthermore, international organizations are working on contingency plans for providing financial assistance to countries facing acute economic distress. These plans encompass both short-term liquidity support and longer-term structural adjustment programs. The overarching goal is to minimize the duration and severity of any future global financial crisis.