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

Soumodeep Das (), Jaydip Sen () and Sayantani Roy Choudhury ()
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Soumodeep Das: Praxis Business School
Jaydip Sen: Praxis Business School
Sayantani Roy Choudhury: Praxis Business School

A chapter in Resurgence and Sustainable Development of Asian Markets in the New Normal, 2025, pp 65-80 from Springer

Abstract: Abstract 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.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-1785-2_4

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DOI: 10.1007/978-981-96-1785-2_4

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