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A recession implies to a significant drop-in economic activity that remains for a long period, typically characterized by a decrease in GDP, employment rates, consumer spending, and business investment. Recessions are usually identified by negative GDP growth for two or more consecutive quarters (In a particular financial year) which leads towards reduced consumer confidence, increased unemployment, and financial instability.

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Sri Lankan Economic Crisis and Comparative Positions of Two of Its Neighbouring Countries

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  • 发表日期：

    2025年

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  • Soumodeep Das,
  • Jaydip Sen,
  • Sayantani Roy Choudhury

摘要

A recession implies to a significant drop-in economic activity that remains for a long period, typically characterized by a decrease in GDP, employment rates, consumer spending, and business investment. Recessions are usually identified by negative GDP growth for two or more consecutive quarters (In a particular financial year) which leads towards reduced consumer confidence, increased unemployment, and financial instability.