Economic contraction refers to a decline in national output and economic activity. It indicates a reduction in GDP over consecutive quarters. This phenomenon can result from various factors, including decreased consumer spending and reduced business investments. Economic contraction often leads to increased unemployment and lower income levels. Governments may implement fiscal policies to stimulate growth during such periods. Understanding its implications is crucial for economic stability.
Sudan’s civil war, which began in April 2023, has triggered one of the sharpest economic and humanitarian breakdowns seen globally in recent years. A political-military power struggle has...
