Tag Archives: Crisis-hit Sri Lankan economy shrinks 8.4pc

COLOMBO: Bankrupt Sri Lanka’s economy shrank 8.4 per cent year-on-year in the second quarter, official data showed on Thursday, as the island nation’s unprecedented financial crisis reached its peak. Months of acute food, fuel and medicine shortages, extended blackouts and runaway inflation have plagued the country after it ran out of dollars to finance even the most essential imports. Sri …

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