pan ‧ a ‧ cea /ˌpænəˈsɪə/ BrE AmE noun [countable]
[ Date: 1500-1600 ; Language: Latin ; Origin: Greek panakeia , from pan- ( ⇨ ↑ pan- ) + akeisthai 'to cure' ]
something that people think will make everything better and solve all their problems SYN cure-all ⇨ solution
panacea for
There is no panacea for the country’s economic problems.