Tidal Waves Seen Hurting Sri Lanka Economy In Short Term

The worst tidal waves to batter Sri Lanka in living memory are unlikely to have a long-term impact on the island's economy, analysts and officials said Sunday.






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The worst tidal waves to batter Sri Lanka in living memory are unlikely to have a long-term impact on the island's economy, analysts and officials said Sunday. The tidal waves killed at least 2,000 and damaged houses, commercial buildings and hotels along the eastern and southern coast, officials said.

Two foreign tourists were believed to be among the dead, but tourist board officials didn't confirm the rumor.

The tidal waves, triggered by the most powerful earthquake in 40 years , slammed into villages and seaside resorts in Sri Lanka, India, Indonesia, Thailand and Malaysia early Sunday.

"It is an unfortunate natural disaster.

Tourists will see this as an isolated incident, and it is unlikely to have a long term impact on the economy," said Channa Amaratunga, an economist at Asia Securities, who added the island didn't have a history of earthquakes and tidal waves.

An official at conglomerate John Keells Holdings said some of its hotels in the east and south of the island wer