Science – Future of Lithuania / Mokslas – Lietuvos Ateitis, Vol 8, No 2 (2016)

The Impact of Economic Recession on Company Activities

Pavel Gurskij (Vilnius Gediminas Technical University, Lithuania)
Aušra Liučvaitienė (Vilnius Gediminas Technical University, Lithuania)


Negative consequences of economic fluctuations and economic downturns influence the significance of research in this area. Results of such research allow providing insights and sugges¬tions for governments to make political-economic decisions. The article investigates the impact of slowing economy on enterprises, the reasons of fluctuations of economic cycles and their characteristics, phases of economic cycle: growth, peak, downturn and crisis. The article studies definition of slowing economy, its reasons, ratios, and inter-relationship between various ratios. Methodology of evaluating economic cycles is provided in the article.

Article in: Lithuanian

Article published: 2016-06-08

Keyword(s): economic cycle; cycle phase; growth; peak; downturn; crisis; downturn ratios.

DOI: 10.3846/mla.2016.894

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Science – Future of Lithuania / Mokslas – Lietuvos Ateitis ISSN 2029-2341, eISSN 2029-2252
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