How construction sector responds to the economic recession identification of adverse effects and sustainable responsiveness

Abstract

The construaion industry is a significant source if income generation to tbe economy contributing more tban 9% if the CDP in Sri LAnka. Tbus, the construction industry is concurred a direct positive correlation with the cycfical nature if tbe economy resulted in a stagnation during the economic recession. In general, practitioners adopt various strategies in response to a recession to realize firms' continued existence and development. However, the current responsiveness to mitigate adverse effects identzfied became reactive tubicb onlY considers the sbort-termism. Hence, tbe recession responsiveness must be aligned with the sustainabilzty for a long term proactive implication. Therefore, this research study aims to assess the adverse effects and the sustainable responsiveness dun'ng the recession. The research gap uias then approached through a questionnaire survry among construction practitioners to gather ordinal data on criticalness if adverse effects and appropnateness if recession responsiveness. Then, the research iuas concluded by extracting appropriateness if adopting sustainable responsiveness to mitigate adverse effects. The analysis derived cost control strategies have given more sustainable responsiveness supersedes the other strategies. Thus, it is recommended to be an/are if the recession rather beware.