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

In: Resurgence and Sustainable Development of Asian Markets in the New Normal

Author

Listed:
  • Soumodeep Das

    (Praxis Business School)

  • Jaydip Sen

    (Praxis Business School)

  • Sayantani Roy Choudhury

    (Praxis Business School)

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.

Suggested Citation

  • Soumodeep Das & Jaydip Sen & Sayantani Roy Choudhury, 2025. "Sri Lankan Economic Crisis and Comparative Positions of Two of Its Neighbouring Countries," Springer Books, in: Rabin Mazumder & Isita Lahiri & Dipak Saha & Nandan Sengupta & Kanad Chatterjee & David Earp (ed.), Resurgence and Sustainable Development of Asian Markets in the New Normal, pages 65-80, Springer.
    • Handle: RePEc:spr:sprchp:978-981-96-1785-2_4
    DOI: 10.1007/978-981-96-1785-2_4
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