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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Whoever wins the election will have to ensure Sri Lanka gets its economy on a sustainable and inclusive growth path, reassure local and international markets, attract investors and help a quarter of t
Also, despite the projection of growth starting in the July quarter, Sri Lanka's export-driven economy is expected to contract by 2% in the full year, after shrinking 7.8% in 2022.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Sri Lanka's year-on-year economic expansion in the third quarter of 2023 was 1.6% and in the fourth quarter 4.5%, the IMF said. Sri Lanka plunged into its worst economic crisis in early 2022 ...
EEZs in the Atlantic and Indian Oceans. Sri Lanka is ranked 51st in size of its exclusive economic zone (EEZ) with a total size of 532,619 km 2 (205,645 sq mi). [1] Sri Lanka's EEZ is bordered to the north and west by India in the Gulf of Mannar and Bay of Bengal; as well as in the west by the Maldives in Laccadive Sea.
Current events; Random article; ... Category: Maps of Sri Lanka. 2 languages. ... Download QR code; Print/export Download as PDF; Printable version;
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest. Helped by a ...