What does a faster economic growth help in controlling?

Faster economic growth is primarily associated with the reduction of recession risks. When an economy is experiencing robust growth, it typically leads to increased consumer spending, higher business investment, and greater overall economic activity. This surge in activity can help improve employment levels and increase income for individuals, which further stimulates spending. A strong economy creates an environment where businesses thrive, thereby reducing the likelihood of economic contraction, which is what a recession entails.

During periods of rapid economic growth, demand for goods and services increases, motivating businesses to expand and hire more workers, further fueling growth. This positive cycle can significantly mitigate the chances of a recession, as the economy becomes more resilient to shocks and downturns.

In contrast, while inflation might be managed through various monetary policies in a growing economy, it can also rise during periods of high growth if demand outstrips supply. National debt and trade deficits are more complex issues that do not directly correlate with the rapid economic growth of a country. They can be affected by various factors, including government spending policies and trade balances, but they are not directly controlled by economic growth alone.