Sri Lanka real GDP is expected to fall by 9.2-pct this year & a further 4.2-pct in 2023: World Bank

Sri Lanka’s real GDP is expected to fall by 9.2-pct this year & a further 4.2-pct in 2023: World Bank

Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic. Debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, underscoring the need for Sri Lanka […]