Tag: Economic impact of COVID-19 in Sri Lanka: Insights by ICRA

Apr 18, 2020 (LBO) – ICRA Lanka expects the Sri Lankan economy to face a recession of magnitude -1.9% in 2020 with a U-shape recovery path returning to its pre-crisis level by Q1 of 2021. “All alternative scenario simulations point to recessionary outcomes – an escalation of the pandemic leading to a severe L-shape recession […]